Question 12 (2 points) Kuznets hypothesis refers to, a, a linearly increasing re

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Question 12 (2 points) Kuznets hypothesis refers to, a, a linearly increasing relationship between the level of development and inequality a U-like relationship between the level of development and inequality o a a linearly decreasing relationship between the level of development and inequality o a an inverted U-like relationship between the level of development and inequality Save Question 13 (2 points) Recent cross country evidence regarding the Kuznets hypothesis suggests that, O Recent evidence says nothing about the Kuznets effect the Kuznets effect arises due to the geographic concentration of highly unequal Latin America o.. in the mid-income range. the Kuznets effect arises due to the geographic concentration of highly unequal East Asian ecc Oo the mid-income range. et Save Question 14 (2 points) Recent evidence with respect to time trend of inequality within each country finds, an increase inequality for each country over time varying inequality trend over time, depending on the country a decrease in inequality for each country over time. o o confirmation of the Kuznets effect for each country over time.

Explanation / Answer

Kuznets hypothesis refers to an inverted U-like relationship between the level of development and inequality.

Recent cross country evidence regarding the Kuznets hypothesis suggest that the kuznets effects arises due to the geographic concentration of highly unequal Latin-america in the mid-income range.

Recent evidence with repect to time trend of inequality within each country finds, a confirmation of the kuznets effect for each country over time.

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