bellwork HL2 BW011

1.       The graph takes data about household income gathered in a rational survey and presents them graphically

2.       The Gini coefficient measures the inequality among values of a frequency distribution (for example levels of income). A Gini coefficient of zero expresses perfect equality where all values are the same (for example, where everyone has an exactly equal income). A Gini coefficient of one (100 on the percentile scale) expresses maximal inequality among values (for example where only one person has all the income).

3.        The limitations are that there is a false correlation between HDI

4.       Absolute poverty : Absolute poverty is a level of poverty as defined in terms of the minimal requirements necessary to afford minimal standards of food, clothing, health care and shelter.

Relative poverty: compared to the average person they are poor