Gini coefficient is a statistic used to measure income inequality within nations. It ranges from 0 to 100, with higher scores indicating more inequality. At the extremes, a Gini score of 0 would mean that everyone in the country earns the exact same income, and a Gini score of 100 would mean that only one person in the country earns all the income. Some people argue that the larger a nation is, the more difficult it is to maintain a fair distribution of incomes. In other words, does income inequality increase as population size increases? You can test this question by conducting a bivariate regression on the data in the table below. Throughout calculating, and for the final answer, round to two decimals. ***Must show work on PDF for completing this computational table and for the following 9 questions*** Country (1) X: Population (in millions) (2) Y: Gini Score (3) (4) (5) (6) (7) Sweden 8 27 Ethiopia 77 29 Switzerland 14 43 Laos 6 45 UK 58 35 Russia 144 44 US 291 40 Mexico 111 46 Brazil 190 56
Gini coefficient is a statistic used to measure income inequality within nations. It
Some people argue that the larger a nation is, the more difficult it is to maintain a fair distribution of incomes. In other words, does income inequality increase as population size increases? You can test this question by conducting a bivariate regression on the data in the table below.
Throughout calculating, and for the final answer, round to two decimals.
***Must show work on
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Country |
(1) X: Population (in millions) |
(2) Y: Gini Score |
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(7) |
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Sweden |
8 | 27 |
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Ethiopia |
77 | 29 |
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Switzerland |
14 | 43 |
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Laos |
6 | 45 |
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UK |
58 | 35 |
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Russia |
144 | 44 |
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US |
291 | 40 |
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Mexico |
111 | 46 |
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Brazil |
190 | 56 |
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