Interpreting Income Distribution Charts
A data visualization displays the average annual income for ten different income groups (from the poorest 10% to the richest 10%) for a series of countries. For one particular country, all ten bars on the chart are very short, indicating low income levels across all groups. Explain why this visual representation alone is insufficient to conclude that there is low income inequality within that country. What specific calculation or ratio would provide a more accurate measure of the income gap?
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Social Science
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Economy
CORE Econ
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.1 Prosperity, inequality, and planetary limits - The Economy 2.0 Microeconomics @ CORE Econ
Analysis in Bloom's Taxonomy
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