Asked by Katia Ferreira on Jul 06, 2024
Verified
Of the following countries, which has the lowest level of income inequality?
A) Slovenia
B) Greece
C) Japan
D) Mexico
Income Inequality
The uneven distribution of income within a population, leading to disparities in wealth and living standards among different socio-economic groups.
Countries
Distinct territorial entities recognized as independent states, typically characterized by their own government, population, and defined geographical boundaries.
Lowest Level
The minimum or most basic level of something, often referring to the foundation or starting point.
- Analyze the disparities in income among various nations.
Verified Answer
HP
Harry PablaJul 13, 2024
Final Answer :
A
Explanation :
Slovenia has the lowest level of income inequality among the options listed, as indicated by its Gini coefficient, which is a measure of income distribution within a nation. Slovenia consistently ranks as one of the countries with the lowest income inequality in the world, much lower than Greece, Japan, and significantly lower than Mexico, which has high income inequality.
Learning Objectives
- Analyze the disparities in income among various nations.