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This Spreadsheet Calculates a Yearly Pension

question 10

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This spreadsheet calculates a yearly pension.The formulas are entered in column B.What is the spreadsheet formula for B7? This spreadsheet calculates a yearly pension.The formulas are entered in column B.What is the spreadsheet formula for B7?   A)  =average(B3:B5)  B)  =sum(B3:B5)  C)  =(B6*B2) /B1 D)  =B1/100*B6*B2


Definitions:

Income Distribution

How a nation’s total GDP is distributed amongst its population, a key factor in understanding economic inequality and wealth distribution within a society.

Inequality

Refers to the uneven distribution of resources or opportunities within a society, often manifesting in disparities in income, wealth, health, and access to services.

Lorenz Curve

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

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