Which of the following statements is true A majority of inco

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

Solution

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.