‘Instructor’s Name’
‘Subject’ The Gini coefficient is a measure used to detect the degree of inequality that prevails in the income or wealth distribution of a country. The method was developed by Corrado Gini, an Italian statistician. He published a paper titled “Variability and Mutability", in the year 1912, in which he proposed this measure that calculates the inequality of income distribution through a scale between zero and one. If the Gini coefficient is zero, it implies that the citizens of the particular country/region have a similar level of income. On the other hand, if it is one that means that the country has an ...
