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The degree of inequality in the distribution of income in an economy is depicted in a(n): A) Lorenz curve B) Phillips curve C) E

WARRIOR [948]

The answer is the 'A' option. That is the Lorenz curve.

A Lorenz curve is a graph that shows how wealth or income is distributed among a population.

Lorenz curves plot population percentiles against the total wealth or income of those who fall inside that percentile or above it.

For the purpose of assessing inequality within a population, Lorenz curves and the statistics derived from them are frequently utilized.

Lorenz curves are mathematical estimates for measuring true inequality since they are based on fitting a continuous curve to partial and discontinuous data.

Hence, The degree of inequality in the distribution of income in an economy is depicted in a Lorenz curve.

Learn more about income:

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5 0

2 years ago

Suppose two athletes each sign 10-year contracts for $80 million. In one case, we’re told that the $80 million will be paid in 1

marusya05 [52]

Answer:

The athlete with equal installments got the better deal.

Explanation:

Two athletes each sign 10-year contracts for $80 million.

In one case, we’re told that the $80 million will be paid in 10 equal installments.

In the other case, the $80 million will be paid in 10 installments, but the installments will increase by 5 percent per year.

The one with equal installments will get $8 million every year.

But the one with increasing installments will get smaller payments initially as his payments were to be increased by 5% each year.

Though the total value of both the annuities will remain the same.

7 0

3 years ago

Who was given the nickname 'Master of Hotel Finance ? Conrad Hilton

MAVERICK [17]

Answer:

JW Marriott JR

am not sure hope this will help

7 0

3 years ago

Read 2 more answers

A Japanese company has a bond outstanding that sells for 90 percent of its ¥100,000 par value. The bond has a coupon rate of 5.7

Alecsey [184]

Answer:

The yield to maturity of this bond is 6.55%

Explanation:

Yield to maturity is the rate of expected return on a bond which is held until the maturity. It is considered as a long term return and expressed in annual terms.

According to given data

Coupon payment = C = 100,000 x 5.7% = $5,700

Face value = F = 100,000

Price = P = 100,000 x 90% = 90,000

Number of year to mature = 19

Use following formula yo calculate YTM

Yield to maturity = [ C + ( F-P)/n ] / [ (F+P)/2 ]

Yield to maturity = [ $5,700 + (100,000-90,000)/19 ] / [ (100,000+90,000)/2 ]

Yield to maturity = 6,226.32 / 95,000 = 0.0655 = 6.55%

4 0

3 years ago

Tamadun dalam bahasa Yunani membawa maksud pencapaian yang tinggi dalam kehidupan,sains,industri dan sistem kerajaan.Bincangkan

Mnenie [13.5K]

Translation of question : In Greek civilization meant high achievement in life, science, industry and the government system. Discuss this statement.

Explanation:

Civilization denotes the human society which lives in a particular culture, living conditions and the life. The society is not formed in a day it takes centuries to form a culture and way of living.

The achievements and developments one can see in elements such as life, science, industry and government system in a country is the civilization.

Each part of a community has different culture within a country. Civilization is a collective term for the way of living in a country. Some of oldest civilizations are Greek civilization, Mesopotamian civilization etc

7 0

4 years ago