The newest Lorenz bend (Wikipedia hook up) try a graph showing this new proportion from total income or money kept by the bottom x% of the people. When your wealth are equally distributed the latest chart perform reveal an excellent straight line between (0%, 0%) and you can (100%, 100%). The total amount the newest bend bends below the distinctive line of equality shows the brand new the quantity from wide range inequality.
A good Gini coefficient would be determined for every single Lorenz curve, however, discover thousands off Lorenz shape each Gini coefficient. Continue reading “The Gini coefficient was calculated in the Lorenz bend”