Consider a hypothetical global economy where the average income in every country is identical. However, the distribution of income among individuals varies significantly from one nation to another. In this scenario, which statement best describes the nature of global economic inequality?
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An economist presents data on two countries:
- Country A: The average income is very high, but the wealthiest citizens earn 40 times more than the poorest citizens.
- Country B: The average income is significantly lower than in Country A, but the wealthiest citizens earn only 4 times more than the poorest citizens.
Based on this information, which statement correctly distinguishes between the two primary dimensions of inequality present?
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