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This Gini coefficient calculator can be employed for swift and simple computations of the Gini coefficient for any specified income distribution. How to use the calculator: Enter a set of incomes separated by commas, line breaks, or spaces, and click on the "Calculate" button.
Jan 18, 2024 · You can calculate the Gini coefficient in three steps: Determine the area above the Lorenz curve and below the line of equality (A). Determine the area below the Lorenz curve (B). Apply the Gini coefficient formula: Gini coefficient = A / (A + B)
The Gini coefficient captures how far the Lorenz curve falls from the “line of equality” by comparing the areas A and B, as calculated in the following way: Gini coefficient = A / (A + B) The Lorenz curve is the “line of equality” where incomes are shared perfectly equally.
This Gini coefficient calculator can be employed for swift and simple computations of the Gini coefficient for any specified income distribution. How to use the calculator: Enter a set of incomes separated by commas, line breaks, or spaces, and click on the "Calculate" button.
Jul 31, 2023 · A Gini coefficient is a measure of statistical dispersion intended to represent the income inequality in a region or country. Enter the area between the diagonal and Lorenz curve and the total area under the diagonal of equality to determine the Gini coefficient.
The Gini coefficient (or Gini index) quantifies the distribution of income or wealth among individuals or households in a given region, country, or group. It is a critical measure in economics, sociology, and policy analysis, helping to assess disparities and inform policy decisions.
Apr 25, 2024 · A Gini Coefficient Calculator helps users quantify the level of inequality in income or wealth distribution among a population. It is especially useful for researchers, economists, and policy-makers who need to assess socio-economic policies and their impacts.
Feb 2, 2022 · The Gini coefficient is equal to the area between the actual income distribution curve and the line of perfect income equality, scaled to a number between 0 and 100. The Gini coefficient is the Gini index expressed as a number between 0 and 1. How to Calculate The Gini Coefficient.
Mar 5, 2024 · Discover a tool that simplifies the process of calculating income or wealth distribution in a population - the Gini Coefficient Calculator. Use our calculator to understand economic disparity effortlessly.
Apr 1, 2024 · Using a Gini Coefficient Calculator is straightforward and user-friendly. Simply input the values of A (representing the income of a specific group) and B (representing the income of the entire population) into the designated fields.
