Kuznets hypothesized that inequality of wealth and income increases during the early phases of economic development, stabilizes for awhile, then
A) decreases in the later phases of economic development.
B) begins increasing again.
C) becomes erratic and unpredictable.
D) disappears completely.
E) retroactively affects the wealthy.

Question

Quizplus · Accepted Answer

Kuznets hypothesized that in the early stages of economic development, inequality increases, but in the later stages, it decreases as more members of society benefit from economic growth.

Kuznets Hypothesized That Inequality of Wealth and Income Increases During