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4 years ago

The income inequality ratios in England and in Guatemala are roughly the same. What can explain this finding

Business

1 answer:

Debora [2.8K]4 years ago

8 0

Answer:

This finding is explained by the fact that ratios express relationships between variables not in absolute terms but in relative terms. The variables used for calculating the income inequality ratio in England takes into consideration the level of income distribution and the population. These may not be equal to the level of income distribution and the population of Guatemala. For instance, if England's income inequality ratio is 10% and Guatemala's is also 10%, it does not mean that they have the same amount of population and income distribution. Each ratio is expressed in relation to its related variable. England's variables cannot be used to express Guatemala's.

Explanation:

To measure inequality ratios for England and Guatemala one divides the standard deviation of the income distribution of England and Guatemala respectively by their means. These are separate indices in value terms.

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3 years ago

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4 years ago

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The statement is: True.

Explanation:

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3 years ago

In one nation, life expectancy is in the high 50s. Few citizens have access to modern technology, and the average yearly income

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Answer:

Developing

Explanation:

A developing country is one where,

Per capita income is lower which means individuals earn money for basic survival. There are no means of investment and savings.
Life expectancy is higher due to absence of modern medical facilities in all areas.
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High rates of population and unemployment.

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