Gini index

Gini index,

Definition of Gini index:

  1. Standard economic measure of income inequality, based on Lorenz Curve. A society that scores 0.0 on the Gini scale has perfect equality in income distribution. Higher the number over 0 higher the inequality, and the score of 1.0 (or 100) indicates total inequality where only one person corners all the income. It is used also as a measure of other distributional inequalities such as market share. Named after its inventor, the Italian statistician Corrado Gini (1884-1965). Also called Gini coefficient or index of concentration.

  2. A country in which every resident has the same income would have an income Gini coefficient of 0. A country in which one resident earned all the income, while everyone else earned nothing, would have an income Gini coefficient of 1.

  3. The Gini index or Gini coefficient is a statistical measure of distribution developed by the Italian statistician Corrado Gini in 1912. It is often used as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population. The coefficient ranges from 0 (or 0%) to 1 (or 100%), with 0 representing perfect equality and 1 representing perfect inequality. Values over 1 are theoretically possible due to negative income or wealth.

How to use Gini index in a sentence?

  1. A higher Gini index indicates greater inequality, with high income individuals receiving much larger percentages of the total income of the population.
  2. Because of data and other limitations, the Gini index may overstate income inequality and can obscure important information about income distribution.
  3. You should try to break down the gini index to find out where the people with the most money live in your city.
  4. Based on its high Gini Index score, economists have determined that the United Arab Emirates has a largely unequal distribution of income among its citizens.
  5. I wondered how we ranked on the gini index , because I knew that it was very important and would determine a lot of future choices.
  6. Global inequality as measured by the Gini index increased over the 19th and 20th centuries, but has declined in more recent years.
  7. The Gini index is a simple measure of the distribution of income across income percentiles in a population.

Meaning of Gini index & Gini index Definition

Gini Index,

Definition of Gini Index:

You can define Gini Index as, The Guinea Index, or Genie Gatanek, is a measure of the distribution of income in a population developed in 1912 by the Italian statistician Corrado Guinea. Often used as an indicator of economic inequality, it measures the distribution of income, or more or less, the distribution of wealth among the population. Soaps from 0 (or 0%) to 1 (or 100%), 0 is the perfect equation and 1 is the perfect inequality. A value greater than 1 is theoretically possible due to negative revenue or assets.

  • The Guinea index is a measure of the distribution of income in a population.
  • A higher genetic index indicates greater inequality because higher income earners receive a much higher percentage of the total income of the population.
  • According to the Genetic Index, global inequality increased in the 19th and 20th centuries, but has declined in recent years.
  • Due to statistics and other restrictions, the genetic index can promote income inequality and hide important information about income distribution.

Literal Meanings of Gini Index

Gini:

Meanings of Gini:
  1. Statistical measures of the level of variability or inequality are presented in different values, specifically to analyze income inequality.

Sentences of Gini
  1. The increase in Guinea's numerical capacity indicates a sharply uneven income

Index:

Meanings of Index:
  1. Alphabetical list of names, articles, etc., usually at the end of the book, with reference to where it appeared

  2. Indications, signs or measurements of something.

  3. A competitor or superscript or subscript attached to a set.

  4. An indicator of a device that displays a position on a scale and similar objects.

  5. Save (name, title, etc.) to the index.

  6. Automatically associate a price (price, salary, or other payment) with the price of the price index.

  7. (Machine or part of it) rotates or moves from one default position to another to perform a sequence of operations.

Sentences of Index
  1. A clear reference completed by a clear index

  2. Test results can be used as an indicator of teacher effectiveness.

  3. There is evidence in this article that the sum of the general vector field index for each closed species is the topological environment, that is, the Euler property.

  4. This list also includes articles under regional headings

  5. Legislation to regulate prices

  6. The pins are pulled and configured to handle the adjacent distribution position

Synonyms of Index

token, clue, signal, evidence, mark, guide, suggestion, symptom, marker, intimation, sign, pointer, hand, hint, finger, implication, indicator, needle, indication, lead