Question:
The relationship between a country's per capita income and its inequality of income distribution is known as
The relationship between a country's per capita income and its inequality of income distribution is known as
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The Kuznets curve illustrates the relationship between a country's economic growth and the inequality in income distribution.
Updated On: Dec 21, 2024
- Lorenz curve
- Phillips curve
- Laffer curve
- Kuznets curve
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The Correct Option is D
Solution and Explanation
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).
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