After Five and a Half Years of Fighting,how Long Did

question 35

Multiple Choice

After five and a half years of fighting,how long did it take to negotiate peace and evacuate the British from its former colonies?

• A) One month
• B) Nine months
• C) Two years
• D) Five years

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Definitions:

Lorenz Curve

A curve showing the distribution of income in an economy. The cumulated percentage of families (income receivers) is measured along the horizontal axis and the cumulated percentage of income is measured along the vertical axis.

Income

Income is the money received by an individual or business in exchange for labor, services, or investment, usually measured over a specific period like a month or a year.

Household Spending

The total expenditure by household members on goods and services for their own use.

Personal Incomes

The total annual income received by an individual from all sources before taxes.