Inequality is higher in middle-income countries like Mexico even though absolute poverty is quite low there.

Question

Quizplus · Accepted Answer

This statement is true. Mexico is considered a middle-income country, but it has high levels of income inequality. While absolute poverty rates may be lower than in some low-income countries, there are still significant disparities in income and wealth within the population. This can lead to social and economic challenges, including restricted access to education, healthcare, and other resources for those at the bottom of the income distribution.

Inequality Is Higher in Middle-Income Countries Like Mexico Even Though