Which of the following statements is true? A majority of income inequality in th

Question

Which of the following statements is true? A majority of income inequality in the world reflects differences in living standards within countries rather than disparities A majority of income inequality in the world reflects differences in living standards among countries rather than disparities within nations. nations. OA relatively high inequality of income in a country indicates that the per capita income of the country is also high ODeveloped countries have higher income inequality than developing countries O A relatively low inequality of income in a country indicates that the per capita income of the country is also low

Explanation / Answer

Developed country have higher income inequality compare to developing country because 10 % richest individuals in developed country earn many times more than the 10% poorest individuals. If we compare to developed countries this inequality is more than the inequality in the developing countries.

Hence statement fourth is the correct answer.

Option fourth; Developed countries have higher income inequalities than the developing countries.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.