SOC 248 Lecture Notes - Lecture 2: Proletariat, Southwest Ohio Regional Transit Authority, Gini Coefficient
2 Sep 2016
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Document Summary
Gini coefficient - a measure of income inequality. Measure the proportions of # of people and income shared. Gdp per capita (gross domestic product per capita) - a measure of a nation"s wellbeing. Ppp us$ - purchasing power parity - the researchers take in account of purchasing power of in other countries compare to us. Zero means total equality; a hundred means total inequality. If everyone makes exact same income, then gini equality would be zero (max equality) If one person makes billion dollars while everyone else makes zero, then gini equality would be a hundred (max inequality) Zero and a hundred are hypothetical and unattainable in reality. Double divide: inequality between and within countries all around the world. Inequality is greater in between than within countries. This is greater than all other countries within (except namibia which is an outlier in this case).
