The Gini coefficient is a statistical measure often used to quantify income inequality within a country. It provides a single value that represents the extent to which the income distribution deviates from a perfectly equal distribution. The coefficient is calculated by dividing the area between the Lorenz curve (which represents the actual income distribution) and the line of perfect equality by the total area under the line of perfect equality.

The Gini coefficient is a measure of income inequality. It ranges from 0 to 1, where 0 means perfect equality and 1 represents extreme inequality. The coefficient is computed by summing the absolute differences between all possible pairs of incomes and dividing it by twice the number of observations. It's important to note that the Gini coefficient does not capture the complete picture of income disparity, as it only considers income distribution and not factors like access to education or social mobility.

The Gini coefficient is a measure of income inequality. It ranges from 0 to 1, where 0 indicates perfect equality and 1 represents extreme inequality. To calculate it, you first arrange the incomes of individuals in ascending order. Then, you divide the sum of the differences between the cumulative shares of income and the cumulative shares of the population by the mean absolute deviation. This gives you the Gini coefficient.