subject
Mathematics, 24.01.2020 07:31 mandy9386

The share of aggregate income held by middle-income households in 1970 was 62%, whereas that held by upper-income households was 29%. the corresponding figures in 2014 were 43% and 49%, respectively. the models describing the fall and the rise in the share of the aggregate incomes of these two groups are approximately linear over the period under consideration.† (a) find the mathematical models describing the percent share of aggregate income held by each group from 1970 through 2014. (let t denote the time, in years, with t = 0 corresponding to the beginning of 1970.) middle-income households y = incorrect: your answer is incorrect. upper-income households y = incorrect: your answer is incorrect. (b) find the time when the aggregate income held by upper-income households first exceeded that held by middle-income households. (give the calendar year in which the change occurred.)

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 18:00
If you had $1,900,000, how many days would it take you to spend all if you spent $1 a second. (there are 86,400 seconds in a day)
Answers: 1
question
Mathematics, 21.06.2019 18:00
If f(x) = 4x – 3 and g(x) = 8x + 2, find each function value a.f[g(3)] b.g[f(5)] c.g{f[g(-4)]}
Answers: 3
question
Mathematics, 21.06.2019 21:00
Which expressions are equivalent to -7+3(-4e-3)? choose all answers that apply: choose all answers that apply: a -4(3e+4)? 4(3e+4) b 12e12e c none of the above
Answers: 2
question
Mathematics, 21.06.2019 22:00
15 points what is the end behavior of this graph? & what is the asymptote of this graph?
Answers: 1
You know the right answer?
The share of aggregate income held by middle-income households in 1970 was 62%, whereas that held by...
Questions
question
Mathematics, 30.01.2021 01:00
question
English, 30.01.2021 01:00
question
Business, 30.01.2021 01:00
Questions on the website: 13722360