Income inequality has been worsening in recent years. The people belonging to the top 10% of income distribution have become richer, whereas the bottom 10% has become poorer. A survey has put people into three categories in terms of their income level: low income, middle income and high income. What type of data and measurement scale does this survey have?Group of answer choicesCategorical and ordinalNumerical and ordinalNumerical and nominalContinuous and nominal

Income is an example of ___.Group of answer choicesquantitative datacategorical datacurrency dataeither categorical or quantitative data

The level of personal or family income below which one is classified as poor according to governmental standards:Select one:a.Poverty lineb.Social Classc.Income matrixd.Lifestyle reference

From the list below, select the measure(s) that are measures of inequality. Select all that applyChoice 1 of 4:Permanent incomeChoice 2 of 4:WealthChoice 3 of 4:SpendingChoice 4 of 4:Intergenerational mobility

Income inequality tends to be highest in Blank______.Multiple choice question.low-income countrieshigh-income countries

What type of variable is "income" when measured in dollars?Group of answer choicesContinuousDiscreteOrdinalCategorical