What is likely to happen to income inequality in a developing country as it undergoes rapid industrialization? A. Income inequality will decrease significantly. B. Income inequality will remain the same. C. Income inequality will increase initially, but may decrease over time. D. Income inequality will increase and continue to rise indefinitely.
What is likely to happen to income inequality in a developing country as it undergoes rapid industrialization? A. Income inequality will decrease significantly. B. Income inequality will remain the same. C. Income inequality will increase initially, but may decrease over time. D. Income inequality will increase and continue to rise indefinitely.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:What is likely to happen to income inequality
in a developing country as it undergoes
rapid industrialization?
A. Income inequality will decrease
significantly.
B. Income inequality will remain the same.
C. Income inequality will increase initially, but
may decrease over time.
D. Income inequality will increase and
continue to rise indefinitely.
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