Which of the following statements is true?
A) Developed countries have higher income inequality than developing countries.
B) A relatively low inequality of income in a country indicates that the per capita income of the country is also low.
C) A majority of income inequality in the world reflects differences in living standards among countries rather than disparities within nations
D) A majority of income inequality in the world reflects differences in living standards within countries rather than disparities among nations.
E) A relatively high inequality of income in a country indicates that the per capita income of the country is also high.
Correct Answer:
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