MYTUTOR SUBJECT ANSWERS

624 views

Explain what you understand by the Lorenz Curve and Gini Coefficient.

The Gini Coefficient measures the area between the Lorenz curve and the line of absoluate equality in an economy. The bigger the Gini Coefficient, the greater the inequality in a single country.

 

Fiscal policy can help redistribute income and reduce inequality through taxation of high earners and welfare to those on lower incomes.

Tom H. A Level Economics tutor, A Level Maths tutor, A Level Spanish ...

2 years ago

Answered by Tom, an A Level Economics tutor with MyTutor


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

64 SUBJECT SPECIALISTS

£30 /hr

Thomas D.

Degree: Economics (Bachelors) - Bristol University

Subjects offered: Economics, Maths+ 2 more

Economics
Maths
Geography
Further Mathematics

“Why choose me? I am a highly academic student having achieved 4 A* at A level but also have excellent communication and mentoring skills havingtutored fellow students at school and beenHead Boy. I am honest, reliable and precise, if ...”

£22 /hr

Noah C.

Degree: PPE (Bachelors) - Oxford, Magdalen College University

Subjects offered: Economics, Politics+ 4 more

Economics
Politics
Philosophy
Maths
Further Mathematics
.TSA. Oxford.

“Hi, I'm Noah. I'm currrently studying Politics, Philosophy and Economics (PPE) at Oxford university. I have always enjoyed teaching others and helping them learn, and my first experience with tutoring was several years of teaching str...”

£24 /hr

Nicolo G.

Degree: BSc Government and Economics (Bachelors) - LSE University

Subjects offered: Economics, Maths+ 2 more

Economics
Maths
History
Biology

“I am currently a student of economics and government at the London School of Economics. I developed a passion for economics during my IB diploma studies and I hope I will be able to instill that passion in you as well. I am very patien...”

About the author

Tom H.

Currently unavailable: for new students

Degree: Economics (Bachelors) - Durham University

Subjects offered: Economics, Spanish+ 3 more

Economics
Spanish
Maths
French
Business Studies

“Top tutor from Durham University, ready to help you improve your grades, all the way to A*.”

You may also like...

Posts by Tom

Explain the difference between the Monetarist and Keynesian views of unemployment

Explain what you understand by the Lorenz Curve and Gini Coefficient.

Other A Level Economics questions

Explain why monopolies may be an undesirable form of market structure

What is supernormal profit?

What is the law of diminishing returns?

How should I answer data response questions?

View A Level Economics tutors

Cookies:

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

mtw:mercury1:status:ok