Consider the following estimates from the late 2000s of shares of income to each group. Use graph
Question:
Transcribed Image Text:
Country Poores Bolivia Chile Uruguay Next 20% Richest 10% , 40% Next 40% 30% 13 13 21 20 26 26 26 26 40 41 26
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
A Lorenz curve is used to present the distribution of nations inco...View the full answer
Answered By
Ayush Mishra
I am a certified online tutor, with more than 3 years of experience in online tutoring. My tutoring subjects include: Physics, Mathematics and Mechanical engineering. I have also been awarded as best tutor for year 2019 in my previous organisation. Being a Mechanical Engineer, I love to tell the application of the concepts of science and mathematics in the real world. This help students to develop interest and makes learning fun and easy. This in turn, automatically improves their grades in the subject. I teach students to get prepared for college entry level exam. I also use to teach undergraduate students and guide them through their career aim.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
The accountant of Laburnum Ltd is preparing documents for a forthcoming meeting of the budget committee. Currently, variable cost is 40 per cent of selling price and total fixed costs are 40 000 per...
-
In several of the above exercises, we have indicated that an infinite series 1/(1+r )+1/(1+r )2 +1/(1+r )3 +... sums to 1/r . This can (and has, in some of the B-parts of exercises above) been used...
-
Following is the postclosing trial balance of the General Fund of Leisure City as at December 31, 2012: The following additional information is provided regarding the citys accounting policies and...
-
why is teamwork so important especially in healthcare? explain
-
Ghose Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2011...
-
Peninsula Industries and Seaport Company, a 90 percent owned subsidiary, engage in extensive intercompany transactions involving raw materials, component parts, and completed products. Peninsula...
-
Fluid flows past a flat plate with a drag force \(\mathscr{D}_{1}\). If the freestream velocity is doubled, will the new drag force, \(\mathscr{D}_{2}\), be larger or smaller than \(\mathscr{D}_{1}\)...
-
Find the present value of $500 due in the future under each of the following conditions: a. 12 percent nominal rate, semiannual compounding, discounted back 5 years. b. 12 percent nominal rate,...
-
In an electric motor, a coil with 139 turns of radius 1.80 cm can rotate between the poles of a magnet. The magnetic field magnitude is 0.200 T. When the current through the coil is 37.9 mA, what is...
-
"Part 1: The Performance Lawn Equipment database contains data needed to develop a pro forma income statement. Dealers selling PLE products all receive 18% of sales revenue for their part of doing...
-
A government agency notifies the physicians' group in Problem 30-10 that to continue providing services in the community, the group must document its activities. The resulting paperwork expenses...
-
Suppose that the 20 percent of people with the highest incomes decide to increase their annual giving to charities, which pass nearly all the funds on to the 20 percent of people with the lowest...
-
At RM Sharpton Corporation, the engraving department is a bottleneck, and the company is considering hiring an extra worker, whose salary will be $45,000 per year, to mitigate the problem. With the...
-
Solve the following equation. 2y3+11y+15y = 0 y =
-
1. A person standing on a tall building shoots up a toy rocket. The rocket travels in a parabolic path and ultimately hits the ground. The height of the rocket while in the air after t seconds is...
-
Determine g(x + a) - g(x) for the following function. Answer g(x+a) g(x) = g(x)=3x-2
-
10. f(x) = x + 1 has domain x E R,x 0. Find x, if (((x)) + (x) 1) = 7
-
This C++ program keeps giving me the wrong median. #include using namespace std; double median_value(int* arrptr, int n); class Median { private: int* array; int n; public: void getSizeArray(); void...
-
Three coins are tossed. a. Give an example of a simple event. b. Give an example of a joint event. c. What is the complement of a head on the first toss? d. What does the sample space consist of?
-
Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally. Which of the following factors should Vince consider in pricing the device? I. Quality of...
-
What theory or theories might a court use to hold Wallace liable for insider trading? Dale Emerson served as the chief financial officer for Reliant Electric Co., a distributor of electricity serving...
-
Under the Sarbanes-Oxley Act of 2002, who would be required to certify the accuracy of the financial statements Reliant filed with the SEC? Dale Emerson served as the chief financial officer for...
-
Estrada Hermanos, Inc., a corporation incorporated and doing business in Florida, decides to sell $1 million worth of its common stock to the public. The stock will be sold only within the state of...
-
Select a company you are familiar with and detail one short-term and one longer-term strategy, then discuss how the role of human resource development can provide valuable advice and counsel in the...
-
Sunspot Beverages, Limited, of Fiji uses the weighted-average method of process costing. It makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and then...
-
How does TPM intersect with Lean Manufacturing principles? Discuss the synergies between TPM and Lean practices, such as continuous improvement (Kaizen) and value stream mapping, in reducing waste...
Study smarter with the SolutionInn App