The 1999 Human Development Report reported that in 1960 the ratio of the world's richest income quintile to the world's poorest quintile was 30:1 and that by 1990 it had increased to 600:1 and by 1997 to 7,400:1.

Question

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The 1999 Human Development Report did highlight growing income disparities, but the specific ratios mentioned (30:1 for 1960, 600:1 for 1990, and 7,400:1 for 1997) are not accurate. The report actually stated that the ratio of the income of the top 20% to the bottom 20% of the world's population increased from 30:1 in 1960 to 60:1 in 1990, and further to 74:1 by 1997, not the exaggerated figures provided.

The 1999 Human Development Report Reported That in 1960 the Ratio