All categories

3 years ago

A method often used by economists to look at distribution of income in a society's economy involves:__________

Business

1 answer:

goblinko [34]3 years ago

3 0

Answer:

Quintiles, or dividing a whole group into fifths

Explanation:

Income can be described as the amount of money gotten from the sale of a particular good or service. In a country with a large population, it is necessary that the income generated in the country be distributed among the population.

This distribution is important for the development of a country as it helps to reduce the poverty rate.

Income distribution can be defined as the process in which a country gross domestic product is shared among the population. GDP is the amount of money acquired by a country after the sale of goods and services.

Quintiles method is carried out by categorizing all households according to the amount of income that is earned. This classification is done by grouping them from the lowest amount of income to the highest amount. These households are then divided into five groups with each of them having equal number of persons.

Hence economists make use of the quintiles method or dividing a whole group into fifths because it is very effective in income distribution.

You might be interested in

A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on cr

Vika [28.1K]

Answer:

The solution is given in tabular form.

7 0

3 years ago

Describe a scenario that forced you to wrestle with your values?

Trava [24]

Answer:

To use brainly or to not use brainly. I dont like cheating but sometimes I realy need help.

Explanation:

7 0

3 years ago

an amount of 16000 is borrowed for 8 years at 3% interest, compounded annually. if the loan is paid in full at the end of that p

bezimeni [28]

He must pay back 20268.32 of amount after borrowing 16000 for 8 years at the interest rate of 3% for one year.

<h3>How to calculate loan amount ?</h3>

The term "Loan Amount" refers to the sum of money we currently owe you for this mortgage. The loan amount may also include other fees, interest , defaulted payments, interest on defaulted payments, principal, and interest on unpaid principal.

The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount.

Amount he borrowed = 16000

No. of years = 8 years

Rate of interest = 3%

Calculate full amount (A) :

Equation for A = P(1 + r/n)^(nt)

A = 16000(1 + .03)^8

A = 20268.32

He need to pay 20268.32 after 8 years.

To learn more about Loan amount refer :

brainly.com/question/26011426

#SPJ4

4 0

1 year ago

Kendra worked in a library in missouri processing books and getting them ready for the shelves. her work was recently taken over

Katarina [22]

This is an example of outsourcing, which is when domestic jobs are sent to countries overseas to take advantage of the lower costs.

6 0

3 years ago

When the selling division in an internal transfer has unsatisfied demand from outside customers for the product that is being tr

torisob [31]

Answer:

C. the market price charged to outside customers, less costs saved by transferring internally.

Explanation:

Divisional manager performance is evaluated separately from one department to another. The Selling department need a minimum price equivalent to price the items fetch in<em> market transaction</em> to raise performance.

However <em>goal congruence </em>has to be met, therefore the price must exclude savings as a result of Internal transfer for the interest of the firm as a whole.

7 0

3 years ago