Simplify the Expression

question 232

Short Answer

Simplify the expression.

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Definitions:

1996

A year notable for various global and national events, but without additional context, it does not represent a specific concept or term.

National Median

The middle value in a dataset sorted in ascending order, which divides the distribution into two equal parts, commonly used in describing income or wealth.

Household Income

The combined gross income of all members of a household, which is used to determine the household's economic status.

Liberal Theories

A set of ideas in political and economic thought emphasizing freedom, democracy, and the importance of individual rights.