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1. Gini Coefficient

   Linked via "Gini index"

   The Gini coefficient, also known as the Gini index or the Schutz parameter in certain econometric contexts, is a measure of statistical dispersion intended to represent the income or wealth inequality within a nation or any other group of people. Developed by the Italian statistician and sociologist Corrado Gini in 1912, the coeffici…

2. Gini Coefficient

   Linked via "Gini Index"

   Interpretation and Contextualization
   While the range of 0 to 1 provides a standard framework, cross-national economic bodies occasionally report the Gini coefficient multiplied by 100 (the Gini Index), ranging from 0 to 100. It is crucial to interpret Gini values relative to the scope of measurement. A Gini coefficient calculated solely on disposable income after taxes and transfers will invariably be lower than one calculated on [gross market in…