Economics · Indian Economy
According to economic assessments of extreme disparity, which distribution model illustrates a state of severe wealth inequality?
- 174% of the wealth is in possession of 90% of the population.
- 250% of the wealth is in possession of 50% of the population.
- 374% of the wealth is in possession of 10% of the population, while 2.8% is held by the bottom 50%.✓
- 4The share of the middle-income group increases uniformly across all sectors.
Correct answer
74% of the wealth is in possession of 10% of the population, while 2.8% is held by the bottom 50%.
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