Economics · Economic Inequality
Reports indicate that a country's Gini coefficient has increased over a decade despite registering a higher per capita income. Which conclusion logically follows from this observation?
- 1Overall income inequality across social groups has reduced
- 2Absolute poverty has been completely eradicated from the country
- 3The gains of economic growth are disproportionately concentrated among higher income groups✓
- 4Economic growth has become more inclusive over time
Correct answer
The gains of economic growth are disproportionately concentrated among higher income groups
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