suppose that jane earns $10,000 in year 1 and $15,000 in year 2, while jim earns $15,000 in year 1 and $10,000 in year 2. is there income equality for the two individuals? g

Respuesta :

Inequality is shown by the annual data, whereas equality is shown by the two-year data.

Data that is categorised by year is known as annual data. It debuts once a year. Annual data are released by the provider for the entire year economy, not necessarily the most recent 12 months. There are certain annual datasets that are a month or more behind.

The Service Annual Survey (SAS) offers yearly estimates of income, expenses, and other metrics across the country for the majority of conventional service businesses. Federal agencies and other data users use these data, which are the only source of yearly receipt estimates for these industries, to create crucial indicators of economy . The calculation of the gross domestic product (GDP), market analysis, predictions, investment choices, and media/news stories all depend on these numbers.

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