Microfinance refers to financial services, such as loans,

Chapter , Problem 5.4.19

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Microfinance refers to financial services, such as loans, offered to people with very low incomes. Table 5.12 shows the number of microborrowers in 2006.19 (a) Plot the data (in millions of borrowers) on a linear scale. (b) Plot the data on a logarithmic scale. (c) Which scale is more appropriate? Why? Table 5.12 Region Borrowers (millions) A: Africa 8.4 B: Asia 112.7 C: Eastern Europe and Central Asia 3.4 D: Latin America and the Caribbean 6.8 E: Middle East and North Africa 1.7 F: North America and Western Europe 0.05

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