Economics · Income Inequality
According to Thomas Piketty in 'Capital in the Twenty-First Century', which fundamental economic condition drives rising wealth inequality?
- 1Rate of return on capital (r) < rate of economic growth (g)
- 2Rate of return on capital (r) > rate of economic growth (g)✓
- 3Rate of saving > rate of investment
- 4Rate of saving < rate of investment
Correct answer
Rate of return on capital (r) > rate of economic growth (g)
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