Summary: Buying And Working | LWEO
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Read the summary and the most important questions on buying and working | LWEO
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1 households
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how do you calculate other income ratio?
everything except wage : total income x 100% -
how dou you call a family who lives in a house and receive money?
a household -
when dou you call money , pocket money?
when you get money without working for it -
what do you need to when converse money(conversion)(year-week)
go to a year and divide by 52 -
what is different about . and , (english-dutch)
it is turned around in english math -
2 Money to live on
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To facilitate making choices it is handy to make a budget. What is a budget?
A budget is an overview, containing estimates of your income and expenses.
A budget is drawn up before a certain period
(f.i. a month, quarter or a whole year). -
2.1 Calculating
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How do I calculate a weighted average?
In a weighted average not all numbers count equally.
To calculate the weighted average we use weighting factors.
A weighting factor indicates how many times something counts.- e.g. a big test counts 4x, a small test 2x.
- I divide the total amount of 4x the big test and 2x the small test by 6
- --> the answer gives my weighted average.
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What happens to the lorenz curve when the income differences are greater
Then it lies further away from the middle (equal) line -
What effect do transfer incomes have on the lorenz curve
It ensures that the income differences are smaller -
2.2 Notes
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Where does the lorenz curve lie
Always under the equal line
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