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10 cards from this deck
Money & benefits from contributing to production
Income flows over time; wealth is stock of assets at a point
Divides population into 5 equal 20% groups by income
8.1% of total disposable income
40.9% of total disposable income
Mean is arithmetic avg; median is middle point, less distorted
Visual tool showing income inequality via cumulative percentages
A/(A+B)A/(A + B)A/(A+B) where AAA = area between curve & equality line
0 (perfect equality) to 1 (complete inequality)
Wealth Gini 0.611 vs Income Gini 0.318
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