MYTUTOR SUBJECT ANSWERS

1009 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

77 SUBJECT SPECIALISTS

£36 /hr

Gina J.

Degree: Economics with French (Bachelors) - Bristol University

Subjects offered:Economics, Spanish+ 2 more

Economics
Spanish
Maths
French

“Private tutor of Economics, Maths and French with six years of experience. I am passionate about teaching!”

£20 /hr

Dan W.

Degree: Economics and Accounting (Bachelors) - Bristol University

Subjects offered:Economics, Maths

Economics
Maths

“I achieved top grades whilst juggling cricket at a high level. I’ve tutored for Young Einstein Tuition & been a Peer Mentor to those facing personal issues”

£20 /hr

Stavria K.

Degree: Economics (Bachelors) - Lancaster University

Subjects offered:Economics, -Personal Statements-

Economics
-Personal Statements-

“ME: I am currently in my second year in Lancaster University; studying Economics BSc. I am always intrigued and passionate about Economics. As a social science, it explores human behaviour and it combines the theories of the optimal a...”

About the author

Tom H. A Level Economics tutor, A Level Maths tutor, A Level Spanish ...
£30 /hr

Tom H.

Degree: PGCE Secondary Mathematics (Other) - Durham University

Subjects offered:Economics, Maths+ 2 more

Economics
Maths
French
-Personal Statements-

“Highyl reviewed 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

What is aggregate demand?

If John’s elasticity of demand for burgers is constantly 0.9, and he buys 4 burgers when the price is £1.50 per burger, how many will he buy when the price is £1.00 per burger

How should I approach a data-response question?

why is the profit maximising output where marginal cost (MC)= marginal revenue (MR)?

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