Gini coefficient: A numerical measure of income inequality ranging from 0 (perfect equality) to 1 (perfect inequality), equal to the area between the Lorenz curve and the line of equality divided by the total area under the line.
How to apply it: Use the Gini coefficient to compare income inequality across countries or time periods.
Course: AP Microeconomics · Unit: Market Failure and the Role of Government
Practice questions about Gini coefficient on AimFive — get rubric-based feedback showing exactly which points you earned.
AP and Advanced Placement are trademarks of College Board. AimFive is not affiliated with or endorsed by College Board.