Gini-coefficient, a widely used measure of inequality in income, is defined as (n = number of individuals, mu = mean income, y_i = income of individual i):
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UGC-NET 2023 Question 13: Poverty, inequality and human development
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Poverty, inequality and human development has come up 92 times in 7 exams since 2010.
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This question is on The Lorenz curve and the Gini coefficient, part of Poverty, inequality and human development in Economics of Growth and Development.
Showing and summarising inequality in a distribution.
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