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Consider the following table with individuals in a country and their incomes:
Individuals Income Deciles Quintiles
1 1
2 3
3 5
4 8
5 10
6 12
7 13
8 15
9 16
10 17
Total 100 100 100
(a) Calculate the deciles and quintiles.
(b) The Kuznets’ ratio =
(c) What is the interpretation of the Kuznets’ ratio?
Market research has revealed the following information about the market for chocolate bars: The demand schedule can be represented by the equation Qd = 1.600 - 300P. where Qd is the quantity demanded and P is the price. Calculate the equilibrium pric..
The market labor supply curve is
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The name of the government agency that insures commercial bank deposits is the:
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If the price in a market happens to be above equilibrium, there will be a ___ in the market, and the price will tend to ____
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You are an officer of a commercial bank and wish to sell a car loan that the bank owns as an asset to another bank. Using the following equation, compute the price you expect to receive for the loan if the annual interest rate is 6 percent, the car p..
Frequently result from radioactive transportation accidents due to the large number of such shipments
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