In a Country with Income Concentrated in the Hands of a Small

question 42

True/False

In a country with income concentrated in the hands of a small group of people, median household income would be a better measure of the standard of living of a typical citizen than GDP per capita.

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Definitions:

Slope-Intercept Form

An equation of the form y = mx + b, where m is the slope and b is the y-intercept of the line.

Parallel

Lines in a plane that never meet, no matter how far they are extended, because they have the same slope.

Line

A geometric figure that is one-dimensional, has no thickness, and stretches indefinitely in both directions is referred to as a line.

Y-Intercept

The point where a line or curve intersects the y-axis of a coordinate plane.