Income Gap Ratio Calculator Measure Economic Disparity

Income Gap Ratio Calculator Measure Economic Disparity calculator can be used to measure the economic disparity between different income groups in a population.

Input Parameters

Calculation Results

Income Gap Ratio

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Calculation Formula

Income Gap Ratio = (High Income Group Income / Low Income Group Income)

Where:
- High Income Group Income: The average income of the high income group.
- Low Income Group Income: The average income of the low income group.

Income Gap Ratio Calculator Measure Economic Disparity Calculator Usage Guide

Learn how to use the Income Gap Ratio Calculator Measure Economic Disparity calculator and its working principles

How to Use the Calculator

  1. Enter the average income of the low income group in the "Low Income Group Income" field.
  2. Enter the average income of the high income group in the "High Income Group Income" field.
  3. Click the "Calculate" button to compute the income gap ratio.
  4. The result will be displayed as the income gap ratio, which indicates the disparity between the two income groups.

Understanding the Income Gap Ratio

The Income Gap Ratio is a measure used to quantify the economic disparity between different income groups. It is calculated by dividing the average income of the high income group by the average income of the low income group. A higher ratio indicates a greater disparity between the two groups.

Example

If the average income of the low income group is $20,000 and the average income of the high income group is $80,000, the income gap ratio would be 4. This means that the high income group earns four times as much as the low income group.