Recent Studies Show That Global Inequality Is Significantly Higher Than

question 2

Multiple Choice

Recent studies show that global inequality is significantly higher than:

• A) what the Lorenz curve portrays.
• B) the Club of Rome anticipated.
• C) population-weighted international inequality.
• D) the latest UN data suggested.

---

Definitions:

Gross Method

Accounting treatment for purchase discounts where discounts are not considered until actually taken.

Note Payable

A promissory note from the maker’s point of view.

Interest Accrued

The accumulation of interest on a loan or bond that has been earned but not yet paid.

Periodic Inventory Method

An inventory accounting method where physical counts are used to determine the cost of goods sold and ending inventory at specific intervals.