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What is the differences between income by gender or ethnic graph?
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If the correlation between income level and charitable giving is 0.82 what is relationship between income and donations to charities?
Strong and positive
Is income a ratio or interval scale measurement?
Income is a ratio measure. In ratio measures, one can order categories, specify the difference between two categories, and the value of zero on the variable represents the absence of the variable. Thus, income can take on values of $0, $10, $30,000, etc. Zero dollar income means the absence of income, making income a ratio measurement.
Is income a type of ordinal data?
Possibly... It depends on how you code income. If income is listed as an actual amount of money earned within a year, then it is interval data because there is a measurable difference between the income of one person vs the income of a second person. For example, one person might make $25,000 and another might make $26,000. We know that the first person makes exactly $1,000 less than person 2. We also know that person 2 makes more than person 1. If I have 10 people and I call the richest person "1" the second richest person "2", etc. Then the numbers 1 - 10 are ordinal data for "income". Notice that Ordinal data does not give us any measurable distance between two people. Income "5" might be $1 more than income "6". But Income 7 might be $10,000 less than income "6". All we know with ordinal data is that 1 is larger than 2, 2 is larger than 3, etc.
Is income quantitative or qualitative?
Income is quantitative
What is median houshold income mean?
You calculate the income for each household. This is the sum of the incomes of all members of the household. The median is the value of household income such that 50% of households have a higher income and 50% have a lower income.
What is the difference between the concept of intra-ethnic inequality in income distribution and inter-ethnic inequality in income distribution?
Oh
What is gender related index?
Gender-Related Developement Index (GDI) - Compares the level of developement of women with that of both sexes. GDI combines the same indicators of developement used in the HDI, adjusted to reflect differences in the accomplishments and conditions of men and women. - Economic idicator of gender differences: Per capita female income as a percentage of per capita male income - Social indicators of gender differences: Number of females enrolled in school compared to number of males and percent of literate females compared to percent of literate males - Demographic indicator of gender differences: life expectancy of females compared to males.
What is the differences between VAT and income tax?
VAT is value added tax charge on sale and purchase. Income tax is tax charged on income received.
What are the key differences between income and profit?
Income is what one receives; profit is whatever part of the income is left after all business expenses and costs are paid. So the difference between income and profit is the total of business expenses and costs.
Why did immigrants settle in neighborhoods?
They weren't ethnic...they were low income and usually immigrants are on the low income side. So these areas become ethnic.
Cultural stereotypes influence the income gap between men and women?
Cultural stereotypes should have little influence on the income gap between men and women because culture is separate from gender!
What is the magnitude of income differences between the richest and poorest countries in the world today?
development economy
Why did immigrants settle in ethnic neighborhood?
Because their cheap and go to the cheapest places
Differences between real income and money income?
Money Income :- The income of a person is considered to be money income which is of his own disposal. eg - salary, wages, interest etc. Real Income :- The goods & services which a person buy from the money income is real income.
What are the differences between tax rates?
Total income tax as a percentage of total taxable income is the average tax rate, whereas total income tax as a percentage of total economic income is the effective tax rate.
Which situation best accounts for the differences in federal income and spending between 1928 and 1936?
government funding of programs to combat ecomic problems
What are the differences between the Income Consumption Curve and the Engel's Curve?
Both curves plot the relationship between X, in this case a good, and something when income varies. However there's different variables on the vertical axis. The ICC has a composite good on the vertical axis while the Engel curve has income on the vertical axis.
