Inequality Between Countries,in Terms of Differences in Their Average National

question 59

Multiple Choice

Inequality between countries,in terms of differences in their average national incomes,has been:

• A)decreasing over recent decades.
• B)increasing over recent decades.
• C)decreasing since the 1930s.
• D)increasing since the 1930s.

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Definitions:

Simulation Approach

A method of problem-solving that uses computer models to simulate real-world processes and systems to predict outcomes.

Probability Distributions

Formulas that enumerate all conceivable outcomes and their chances for a random variable within a designated span.

Interpretation

The process of providing explanation or meaning to a concept, statement, or set of data.

Flexibility Option

An option that provides the holder with the ability to adapt or change a strategy based on changes in market conditions.