The figure below shows the distribution of income across and within countries in 2014. The height of each bar represents the annual income of the population (for each decile), measured in 2005 US$, while the width of each country's bar represents its population. The red countries were the poorest countries in 1980, while the green countries were the richest in 1980. 80,000 60,000- 40,000- 20,000- India Nigeria Botswana China Brazil Indonesia Japan US UK Norway (ddd S S00z)
The figure below shows the distribution of income across and within countries in 2014. The height of each bar represents the annual income of the population (for each decile), measured in 2005 US$, while the width of each country's bar represents its population. The red countries were the poorest countries in 1980, while the green countries were the richest in 1980. 80,000 60,000- 40,000- 20,000- India Nigeria Botswana China Brazil Indonesia Japan US UK Norway (ddd S S00z)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

Transcribed Image Text:The figure below shows the distribution of income across and within countries in 2014.
The height of each bar represents the annual income of the population (for each decile),
measured in 2005 US$, while the width of each country's bar represents its population.
The red countries were the poorest countries in 1980, while the green countries were the
richest in 1980.
80,000
60,000-
40,000-
20,000-
India
Nigeria
Indonesia Botswana China
Brazil
Japan
US
UK Norway
Poorer countries
2014
Richer countries
Annual income (2005 $ PPP)

Transcribed Image Text:Based on the frgure, which one of the following statements is true?
O Since 1980, Indonesia's average income has grown faster than India's average income.
O The income ranking between countries has remained broadly the same between 1980 and 2014.
The US has the highest average annual income of any country in the figure.
O Income inequality is higher in Norway than in the US.
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