Economist N calculates income inequality based on the Gini coefficient and the incomes of all individuals in the society. Economist M calculates income inequality based on the Gini coefficient and the incomes of all families in the society (simply adds up all family members' incomes before construct
Lydia wants to put her savings into an account to earn some interest. She analyzes the savings account market and nds that the best available interest rate is 5% per annum and takes this offer. Her sister, Elisa, has saved the same amount of money as Lydia, but she does not want to put her money int
