Compared to the United States, the income distribution in other major industrial nations tends to be
A)more concentrated
B)less concentrated
C)similar
D)impossible to calculate
E)not comparable because tax structures differ among countries

Question

Quizplus · Accepted Answer

The income distribution in other major industrial nations tends to be less concentrated compared to the United States. This can be seen through various measures such as the Gini coefficient, which measures income inequality on a scale of 0 (perfect equality) to 1 (perfect inequality), where the US has a higher Gini coefficient compared to other industrialized nations. Additionally, countries such as Denmark, Norway, and Sweden have stronger social safety nets and progressive taxation systems that help reduce income inequality.

Compared to the United States, the Income Distribution in Other