As the area between the Lorenz curve and diagonal gets larger, the Gini ratio

Name: As the area between the Lorenz curve and diagonal gets larger, the Gini ratio
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

The Gini ratio measures income inequality, with higher values indicating greater inequality. As the area between the Lorenz curve and diagonal gets larger, it indicates that there is a larger income gap between the rich and the poor in the population. Therefore, the Gini ratio will rise to reflect greater inequality.

As the Area Between the Lorenz Curve and Diagonal Gets