Chapter Eleven: Income Inequality and Poverty
11.1 Income Inequality and Poverty (02:38)
This clip provides an introductory remark on the two topics of the chapter: income inequality and poverty.
Transcript This clip categorizes U.S. households by their income levels and suggests a wide dispersion of household income in the United States. Transcript 11.3 Measuring Income Distribution: Quantiles, Lorenz Curve & Gini Ratio (06:13) This clip explains how quantile statistics can be used to measure income distribution and how Lorenz Curve and Gini Ratio are related to the quantile measurement of income distribution. Transcript 11.4 […]