Lesson 12 Equity and Income Distribution

Lesson 12 Equity and Income Distribution - #12 Equity and...

Info icon This preview shows pages 1–2. Sign up to view the full content.

#12: Equity and Income Distribution Key Terms: Equity: fair and just distribution of income within an economy. Human Development Index (HDI): A United Nations measurement of a country’s achievements in three aspects of human development: life expectancy, literacy and education levels, and GDP per capita. Mean Average Income: An average income figure that is calculated by dividing the total income by the total population. Median Income: An average income figure that represents the middle income, dividing an economy’s range of incomes into two equal parts. Quintile: One-fifth (20%) of the total number of income earners in an economy; used to examine income distribution. Lorenz Curve: A graph used to show the degree of inequality that exists among groups of income receivers of the same size. The Lorenz Curve: The horizontal axis represents households divided into quintiles. The vertical axis represents income.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Fall '11
  • ChristinaLovell
  • United Nations , per capita, Household income in the United States, Average income FIGURE

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern