Principles of Microeconomics / Unit 14 MIC 1309 short lesson, about 20 seconds
The Gini Coefficient
Captions available
The idea
The Gini coefficient is the area between the diagonal and the Lorenz curve, divided by the area under the diagonal: zero for perfect equality, one for one household holding everything.
In practice
The Census reported point four seven for two thousand six and point four eight five for twenty twenty-three.
Where people slip
The anchor never defines it; definition from the witness, numbers from the Census, dated.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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