Which of the following is most likely a FALSE statement about income inequality?
A)The richest 1% of the world's population claims as much income as the bottom 57%.
B)GNI is the most effective tool for estimating the relative wealth of a nation's citizens.
C)Among industrialized nations, the United States has the largest inequality gap between rich and poor.
D)Income inequality between metropolitan and rural areas threatens a country's social stability.

Question

Quizplus · Accepted Answer

GNI (Gross National Income) is not the most effective tool for estimating the relative wealth of a nation's citizens because it only measures the total income earned in a country, without taking into account how that income is distributed among the population. Other measures like the Gini coefficient or the Human Development Index provide a more complete picture of income inequality and living standards.

Which of the Following Is Most Likely a FALSE Statement