The Gini coefficient is
A commonly used measure of the degree of inequity in an income distribution
The ratio of the percentage of total income received by the top 20% of families to the percentage of total income received by the bottom 20% of families
A commonly used measure of the degree of inequality in an income distribution
The most common way of representing the income distribution graphically
The long run equilibrium level of natural income is the level at which
Economic growth is zero
Economic growth is growing
All investment is used to maintain the existing capital stock at its current level
Governments can stimulate productivity by
Imposing higher taxes on capital
Encouraging more labour intensive work to reduce unemployment.
Reducing spending in education
Encouraging private investment
