Gini Coefficient | 60 Second Economics | A Level & IB
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YouTubetutor2u
Gini Coefficient | 60 Second Economics | A Level & IB
The Gini coefficient is a commonly-used measure of income inequality that condenses the entire income distribution for a country into a single number between 0 and 1: Simply put, the higher the Gini coefficient, the greater the gap between the incomes of a country's richest and poorest people #inequality #economics #poverty
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