Which of the following statements are true about income inequality in developed and developing countries.
I 27 percent of the developing countries have low inequality.
II The majority of developed (high-income) countries have high income inequality.
III The income shares of the poor are lower and their variance higher in DCs than in LDCs.
a. I only
b. II only
c. I and II only
d. I, II and III
Answer: A