In Country X, the highest 10 percent of families account for 70 percent of the income. In Country Y, the highest 10 percent of families account for 20 percent of the income. In this example:
a. Country Y would be located on the line of perfect inequality.
b. income is more equally distributed in Country Y.
c. income is more equally distributed in Country X.
d. Country X would be located on the line of perfect equality.
e. the degree of income inequality is equal in both the countries.
b
Economics