Income histogram — purpose?
Shows frequency of income intervals.
Log income — effect?
Compresses high-income spread visually.
Answer 4 questions on Understanding Income Distributions.
1. What does an income histogram display on its axes for European incomes in the standard version?
2. How does a log-income histogram differ from a standard income histogram?
Go over the full study guide for Understanding Income Distributions.
Read the study guide →Upload your class notes and Revizly writes your flashcards in about a minute.
Flashcard maker