The Distribution of Income

question 128

Multiple Choice

The distribution of income

• A)is about the same in most countries
• B)tends to be more equal in developing countries than in developed countries
• C)is more concentrated in the United States than in Canada or Japan
• D)is more even in developing countries than in the Russia
• E)is not related to a country's level of development

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Definitions:

Standard Error

The standard deviation of the sampling distribution of a statistic, commonly used to measure the accuracy of a sample mean.

Population Standard Deviation

A measure of the dispersion of a set of values in a population, reflecting how much the values differ from the mean of the population.

Sample Size

The number of observations or data points collected from a population for use in a statistical analysis.