Back to Questions
City and Regional Planning
QUESTION #5015
Question 1
What does the Gini Coefficient measure in urban economics?
Correct Answer Explanation
The Gini Coefficient (0-1 scale) measures income/wealth inequality. 0 represents perfect equality; 1 represents maximum inequality. Values above 0.4 indicate high inequality. Calculated from the Lorenz curve: $G = \frac{A}{A+B}$ where A is area between Lorenz curve and equality line.
Sign in to join the conversation and share your thoughts.
Log In to Comment