Yes. I just did it for a small group of people to make the calculation easy. If you have data on every household in the country or you have numbers for how many people fall into each income bracket, you could do the calculation. Things are a bit more complicated for real-world calculations because we have to make adjustments for different household sizes.
Currently taking a course of development economics and this was very helpful for an assignment:) very thorough and well explained, thank you!!
That's great. I'm glad the video was helpful. I am currently teaching a similar course
Thank you!! I really appreciate the work you did to make these lectures!
Excellent
thank you for your good explanation. i got it.
Saya tdk bisa BHS Inggris, tapi paham dg penjelasannya, mudah dipahami alurnya. Terima kasih Pak ..
This video has been very helpful. Thanks
this was the one i was looking for. thank you
thanks, sir,
I am dewi from Indonesia.
I understand this example for my presentation tomorrow.
Hi, is that possible to calculate a country instead of a small group of ppl?
Yes. I just did it for a small group of people to make the calculation easy. If you have data on every household in the country or you have numbers for how many people fall into each income bracket, you could do the calculation. Things are a bit more complicated for real-world calculations because we have to make adjustments for different household sizes.
I thought you divide Z-yi by z???
Thank you so much 😊