As economic development proceeds, income inequality tends to follow a(n) __________ curve
A)convex.
B)inverted u-shaped.
C)l-shaped.
D)s-shaped.

Question

Quizplus · Accepted Answer

The concept of income inequality following an inverted U-shaped curve is known as the Kuznets curve. This theory suggests that as an economy develops, income inequality first increases and then decreases after a certain average income is attained.

As Economic Development Proceeds, Income Inequality Tends to Follow A(n)