-An economy has the income shares features set out in the table above. Which of the following is true?

Question

Quizplus · Accepted Answer

The question implies a comparison with the Australian economy but does not provide specific data from the table. Generally, if the statement suggests that income in the Australian economy is less equally distributed than that represented in the table, it implies that the table shows a more equal distribution of income than the actual distribution in Australia. This is based on the understanding that income inequality exists in many economies, including Australia, and without specific data, we infer that the table presents a more idealized distribution scenario.

-An Economy Has the Income Shares Features Set Out in the Table