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If the 90/10 ratio for country A is equal to 1, this means that A.income inequality is similar to that of the US. B.the country
If the 90/10 ratio for country A is equal to 1, this means that
- A.income inequality is similar to that of the US.
- B.the country has the same level of development as the US.
- C.income inequality is infinitely high.
- D.income inequality is high, but not infinitely high.
- E.all people in the country have exactly the same level of income.
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
