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In research conducted by Wolfgang, Figlio, and Sellin in Delinquency in a Birth Cohort, what percent of juveniles did the researchers find to be chronic offenders, or career criminals, responsible for a disproportionate amount of the violent crime?
Income
Money received on a regular basis from work, investments, business, or other sources.
Utility Function
A mathematical representation of how consumers rank different bundles of goods according to the level of satisfaction or utility those bundles provide.
Interest Rate
The cost of borrowing money, typically expressed as a percentage of the amount loaned.
Income
The financial gain (earned or unearned) accruing over a given period of time.
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