Which of the following income distributions represents the most equal distribution of income? OCountsCounts403020100504030201000020Distribution4060Income (thousands of dollars)Distribution50T80 100100120150 OCounts35302520151050302520Counts1510500020DistributionT204060Income (thousands of dollars)DistributionT4080T60100120TT80 100 120

Income distribution refers to the way in which income is distributed among individuals or households…

Answered: Which of the following income…

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Which of the following income distributions represents the most equal distribution of income?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following income distributions represents the most equal distribution of income?

O
Counts
Counts
40
30
20
10
0
50
40
30
20
10
0
0
0
20
Distribution
40
60
Income (thousands of dollars)
Distribution
50
T
80 100
100
120
150

O
Counts
35
30
25
20
15
10
5
0
30
25
20
Counts
15
10
5
0
0
0
20
Distribution
T
20
40
60
Income (thousands of dollars)
Distribution
T
40
80
T
60
100
120
T
T
80 100 120

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