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Policy representation is concerned mainly with passing legislation that is in the best interest of a representative's district.
Gini Coefficient
A commonly used measure of the degree of inequality of income derived from a Lorenz curve. It can range from 0 to a maximum of 1.
Lorenz Curve
A graphical representation of the distribution of income or wealth within a society, showcasing the degree of inequality.
45-Degree Line
In economics, often used in Keynesian cross diagrams to show points where aggregate output (or income) equals aggregate expenditure, indicating equilibrium.
Gini Coefficient
A measure of the inequality of a distribution, often used to measure income inequality, ranging from 0 (perfect equality) to 1 (perfect inequality).
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