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Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the GDP growth rate dropped to 2.7% in 2015.
Income from black market economic activity is not included. The Gini coefficient is a number between 0 and 1 or 100, where 0 represents perfect equality (everyone has the same income), while an index of 1 or 100 implies perfect inequality (one person has all the income and everyone else has no income).
The inequality income metric should be independent of the aggregate level of income. This may be stated as: = where α is a positive real number. Population independence Similarly, the income inequality metric should not depend on whether an economy has a large or small population.
LIM College was founded in 1939 by retail and education expert Maxwell F. Marcuse as the Laboratory Institute of Merchandising, at the request of retailers who wanted a school that would teach women about the fashion business and merchandising. LIM became co-ed in 1971 and Maxwell's son, Adrian G. Marcuse, became president in 1972.
The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the fourth largest in Africa and the 27th-largest in terms ...
A major rockslide prompted two highways to be shut down in Colorado over the weekend and witnesses captured the frightening moment on video. Highways 96 and 165 from Wetmore to Westcliffe in ...
Income segregation in the US is a direct result of rising income inequality since the 1970s, where today the difference in income of a 90th percentile family is nearly ten-fold from a family of 10th percentile in income distribution, as opposed to a six-fold difference in 1970. [18]
The president of a Michigan-based manufacturer was stabbed by one of the company's employees during a staff meeting, police said. Nathan Joseph Mahoney, 31, has been charged with assault with ...