Asked by Rozette Azemar on May 05, 2024
Verified
According to the textbook, which wealthy country has the lowest income inequality?
A) Japan
B) Ireland
C) the United States
D) Denmark
Income Inequality
The unequal distribution of income within a population, leading to disparities in wealth and living standards.
Wealthy Country
A nation characterized by a high standard of living and a strong economic system, usually measured by gross domestic product (GDP) per capita.
- Identify where Canada stands in terms of income disparity relative to other affluent countries.
Verified Answer
KC
Kaitlin CowellMay 05, 2024
Final Answer :
D
Explanation :
Denmark is known for having one of the lowest levels of income inequality among wealthy countries, largely due to its comprehensive welfare system and progressive taxation.
Learning Objectives
- Identify where Canada stands in terms of income disparity relative to other affluent countries.
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