QUESTION 24 An income inequality ratio of 10.0 means that Oa. individuals in the

Question

QUESTION 24 An income inequality ratio of 10.0 means that Oa. individuals in the top fifth of the economy earn 10 times as much as those in the lowest income group. O b. individuals in the top fifth of the economy earn 10 times as much as those in the second-highest income group. e) c each income quintile in an economy earns 10 percent more than the immediately lower quintile. d individuals in the top fifth of the economy earn 10 times as much as those in the other four income groups. o e the income in an economy is 10 times that of other comparable economies

Explanation / Answer

An income inequality ratio of 10.0 means that individauls in the top fifth of the economy earn 10 times higher than those who are in the lowest income groups.

Inequality measures the lack of equality in the holding resources or income.

Hence option a is the correct answer.

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