Which of the following is NOT a true statement regarding wealth and income inequality? Question 8 options: 1) Income inequality is far greater than wealth inequality because most people do not have much in the way of wealth. 2) If a country has a Palma ratio of 5, the top 10 percent receive five times the income of the bottom 40 percent. 3) Americans estimate that the top 20 percent hold just about 60 percent of the wealth but they actually hold close to close to 85 percent. 4) None of the above