Examlex
Although they cannot indicate causality, correlation studies can:
Median Income
The middle income in a list of incomes, where half of the incomes are higher and half are lower.
Gini Coefficient
A measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).
Mean Household Income
The average income earned by households in a specific geographical area, calculated by summing all incomes and dividing by the number of households.
Industrially Developed
Referring to countries or regions that have advanced economic bases, primarily in manufacturing and services, and high levels of income per capita.
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