MYTUTOR SUBJECT ANSWERS

392 views

Define the term 'income inequality'

Income inequality is a statistical measure concerned with the spread of the distribution of income amongst the population of an economy.

It can be quantified through a variety of measures which condense the entire income distribution of a country into a single figure: varying from the range of incomes in a given population, the 90:10 ratio and, most notably, the Gini coefficient.

Focusing on the Gini coefficient, this is a measure which produces a figure between 0 and 1 for a given income distribution - the closer the figure is to 1, the more unequal the population. 

Matthew L. 11 Plus Maths tutor, GCSE Maths tutor, 13 plus  Maths tuto...

10 months ago

Answered by Matthew, an A Level Economics tutor with MyTutor


Still stuck? Get one-to-one help from a personally interviewed subject specialist

57 SUBJECT SPECIALISTS

£36 /hr

Joe B.

Degree: Mathematics G100 (Bachelors) - Bath University

Subjects offered:Economics, Maths+ 4 more

Economics
Maths
Further Mathematics
.STEP.
.MAT.
-Personal Statements-

“About Me Hi, I'm Joe, a first year mathematics student from Luton studying at Bath University. I am an accomplished mathematician and economist, having achieved A* grades in A Level Maths, Further Maths and Economics in June 2016. As ...”

£36 /hr

Akshay D.

Degree: Finance Accounting & Management BSc (Bachelors) - Nottingham University

Subjects offered:Economics, Geography

Economics
Geography

“About Me: - A Second Year Student studying Finance Accounting & Management  - Tutored Economics and Geography in the past to younger students.  - I am a trust worthy individual who will provide a first class high quality service to e...”

£20 /hr

Dan M.

Degree: Economics (Bachelors) - Durham University

Subjects offered:Economics, Maths+ 1 more

Economics
Maths
Geography

“About me: I am a first year economics student at durham university, and I am really enjoying learning more and more about my favourite subject. I hope that I instill some of my passion for learning into all of my pupils. I have experi...”

MyTutor guarantee

About the author

Matthew L.

Currently unavailable: for new students

Degree: Philosophy, Politics and Economics (Bachelors) - Oxford, The Queen's College University

Subjects offered:Economics, Maths+ 4 more

Economics
Maths
History
Extended Project Qualification
.TSA. Oxford.
-Personal Statements-

“Hello! I am a recent graduate from The Queen’s College, University of Oxford, where I studied Philosophy, Politics and Economic”

You may also like...

Other A Level Economics questions

What is cost push inflation?

What causes aggregate demand to increase?

What is market failure?

Evaluate policies which a UK government could use to control the activities of oligopolists.

View A Level Economics tutors

We use cookies to improve your site experience. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok