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Gelneren [198K]
3 years ago
14

Use what you have learned about macroeconomics to

Social Studies
1 answer:
Sliva [168]3 years ago
8 0

Answer and Explanation:

Macroeconomics refers to the analysis of the economy as a whole. It covers the components like inflation, unemployment rate, saving, investment, etc

It is important to research macroeconomics, so we can learn how the country's economy is doing.

Microeconomics also studies inflation, unemployment causes, national earnings, and market price variations.

Moreover, Macro-economics focuses on businesses and people's decisions.

The people would get to know how much is the GDP of the economy, population, etc so that the government should make the decisions based on the current situation

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the correct option is CONTRADICTION.

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If the random variable y denotes an individual’s income, Pareto’s law claims that<u> P(Y>=y)= (k/y) raised to the power of 9</u>. Here k refers to the minimum income of the entire population.

Pareto's law states that for different outcomes, almost eighty percent of the results come from the twenty percent of the causes of the event. We also call it the 80/20 rule or the rule of the vital few or even the principle of factor sparsity.

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