What Is the Primary Problem in Comparing Income Inequality in the US

question 167

Short Answer

What is the primary problem in comparing income inequality in the US with income inequality in other countries?

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Definitions:

Multivariate Approach

A statistical approach that involves observation and analysis of more than one statistical outcome variable at a time.

Factor Analysis

An analytical approach employed to account for the variability in observed, interconnected variables through fewer, unseen variables referred to as factors.

Bivariate Approach

A statistical or research method that involves the analysis of two variables to determine the empirical relationship between them.

Personality Dimensions

Fundamental attributes that capture the various aspects of a person's character and behavior, such as introversion/extraversion or openness to experience.