New Concepts:
- Distribution of Income
- Poverty
- Lorenz Curve
- Gini Coefficient
Resources:
Power Point - Income Inequality
Lorenz Curve Interactive
Helps understand how a Lorenz Curve works through interactive manipulation of a Lorenz Curve
Reading - Measuring Inequality: Using the Lorenz Curve and Gini Coefficient
Lorenz Curve Interactive
Helps understand how a Lorenz Curve works through interactive manipulation of a Lorenz Curve
Reading - Measuring Inequality: Using the Lorenz Curve and Gini Coefficient
Homework:
Read Chapter 20 in book
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