Asked by
Lalita Matta
on Nov 26, 2024Verified
Which is correct?
A) Wealth is less equally distributed than income and therefore increases income inequality.
B) Wealth is more equally distributed than income and therefore increases income inequality.
C) Wealth is less equally distributed than income and therefore decreases income inequality.
D) Wealth is more equally distributed than income and therefore decreases income inequality.
Income Inequality
A measurement showing the distribution of income among individuals or households in a society that highlights the gap between the rich and the poor.
Wealth Distribution
The comparative distribution of wealth across or within nations, showing how assets or wealth are shared among the population.
Income
Represents the money received by a person or entity in exchange for labor, services, or investments during a specific period.
- Highlight the differences in the concepts of income and wealth, focusing on how they are spread out.
- Debate the societal and economic repercussions of imbalances in wealth and income.
Verified Answer
CM
Learning Objectives
- Highlight the differences in the concepts of income and wealth, focusing on how they are spread out.
- Debate the societal and economic repercussions of imbalances in wealth and income.