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The Type of Chart That Presents the Value of Items

question 9

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The type of chart that presents the value of items in descending order is a


Definitions:

Income Inequality

The unequal distribution of household or individual income across the various participants in an economy, leading to various economic and social issues.

Lorenz Curve

A graphical representation of income or wealth distribution within a society, showing the proportion of the total income earned by various segments of the population.

Distribution Of Income

Distribution of income refers to the way in which a nation’s total income is distributed among its population, affecting economic inequality.

Gini Ratio

A measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality), indicating how wealth or income is distributed.

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