Reference no: EM131966210

Why might a less developed country have a greater degree of income inequality?

A) Greater income mobility in these nations creates large gaps in income, as individuals rapidly increase in their standard of living.

B) Class systems always persist in less developed countries, where wealth is redistributed to the preferred class.

C) Reduced access to advanced technology produces a more equitable distribution of income.

D) Less developed nations often have widespread poverty, with wealth concentrated among only a few individuals.

E) Less developed nations receive large amounts of foreign aid, which isn't taken into account with calculations of income inequality.