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Question
what term refers to the mid - level income of people in a specific area?
(1 point)
median income
peer - edited income
middle - class income
elite income
Median income is a statistical measure that represents the mid - level income. It is calculated by arranging all incomes in ascending order and finding the middle value. Peer - edited income is not a recognized economic term. Middle - class income is a broad range associated with a social class, not a mid - level measure. Elite income refers to high - end incomes.
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median income