Question

In an undeveloped economy, income inequalities are _______.

• A. not there
• B. occasionally existent
• C. widespread
• D. none of the above

Answer 1

Answer: (C)

widespread

In an undeveloped economy, income inequalities are widespread. The top percentage of richer people hold a lot more wealth than the rest of the population. This gap continues to increase in such countries. This is because there are no adequate measures taken by the public institutions to lessen this gap.