Question

The relationship between a country's per capita income and its inequality of income distribution is known as

• A. Lorenz curve
• B. Phillips curve
• C. Laffer curve
• D. Kuznets curve

Hint:

The Kuznets curve illustrates the relationship between a country's economic growth and the inequality in income distribution.

Answer 1

The Correct Option is D

The Kuznets curve shows the relationship between economic development and income inequality. It suggests that inequality first increases and then decreases as a country develops. Thus, the correct answer is (d).