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What is the Gini coefficient?

The Gini coefficient is a measure of inequality. It is equal to 0 when there is no inequality (the economy's income is shared perfectly equally between all individuals) and up to 1 which is perfect inequa...

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Answered by Kathryn H. Economics tutor
2470 Views

What is consumer and producer surplus?

Consumer and producer surplus are shown by the basic demand and supply curve diagram. Drawing a dotted line from the equilibrium point to each of the axis allows us to show them. The consumer surplus is t...

KH
Answered by Kathryn H. Economics tutor
2147 Views

Explain what could cause the pound sterling to appreciate.

An appreciation causes a currency to become worth more against other currencies. Using a whiteboard - draw a diagram of a supply/demand exchange rate curves, showing that demand needs to increase and/or s...

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Answered by Rachel W. Economics tutor
10861 Views

Explore the significance of Elizabeth's speech and thought in Frankenstein.

Elizabeth is introduced within the novel as a “pretty present”, which in itself is objectifying her through the use of the concrete noun known for its possessive aspects. Due to this, Victor describes how...

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Answered by Katherine N. English tutor
11296 Views

Solve the equation (x+2)/(x-3)=(x-6)/(x+1) for x.

We need to multiply both sides by the denominator (the bottom of the fraction) in both fractions so we get:(x+2)(x-3)(x+1)/(x-3)=(x-6)(x-3)(x+1)/(x+1)Now, we can see that we can cancel each fraction to ge...

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Answered by Tom H. Maths tutor
2637 Views

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