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Business, 16.11.2020 17:00 604341

1. Consider an economy with a population of 100,000 households. 60 percent of households reportan annual income of $25,000 ("low earners"), 30 percent of households report an annual incomeof $70,000 ("mid earners"), and 10 percent report an annual income of $110,000 ("high earners").(a)[2 pts]What is the total income earned by households in this economy?

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