One Common Way of Measuring Income Inequality Is to Rank

question 57

Multiple Choice

One common way of measuring income inequality is to rank all households by income, from lowest to highest, and then

• A) to divide all households into quintiles.
• B) comparing the groups.
• C) to divide all households by size.
• D) comparing the share of the population.

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Definitions:

Firm Offer

An offer made in writing by a merchant guaranteeing to hold the offer open for a specified period of time without revocation.

UCC

The Uniform Commercial Code, a set of comprehensive statutes designed to unify and standardize sales and commercial transactions in all 50 states.

Counteroffer

A new offer made in response to an offer received, implying rejection of the original offer.

Finance Charge

the total cost, expressed as a monetary amount, of borrowing credit, including interest, fees, and any other charges associated with the transaction.