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nikdorinn [45]
3 years ago
15

One of the main tools used by economists to measure the actual distribution of income in an economy is:

Business
1 answer:
vekshin13 years ago
7 0

Answer: Lorenz curve

Explanation:

One of the main tools used by economists to measure the actual distribution of income in an economy is known as the Lorenz curve.

The Lorenz curve Lorenz curve is a graph that shows the inequality witybrwgrds to the income and wealth distribution for a particular economy. The x-axis on the graph shows the population, while the y-axis shows the wealth.

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If we have eight decisions to make and 3 choices for each decision, how can we represent the number of potential outcomes
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We can represent the number of potential outcomes by 3 to the power 8.

<h3>What is permutation and combination?</h3>

Permutation relates to the act of arranging all the members of a set into some sequence or order.

We can assume, for two choices, we have one decision. This can be represented as, since we have eight decisions,

Representation of the potential outcomes are:

= 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1

= 3^8

= 6,561

Learn more about permutation and combination here: brainly.com/question/21014199

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Your client has said that he likes French Provincial furniture. What should you do
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A show him examples of french province and others.
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As ________blank, pioneers have the advantage of creating a new market or product category, establishing a commanding initial ma
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As first movers, pioneers have the advantage of creating a new market or product category, therefore establishing a commanding initial market share lead.

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Alexa has a commercial laundry service that has been growing rapidly. She wants to continue to grow the business, but she needs
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Incorporating

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3 years ago
Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are c
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