Which of the Following Is Most Likely a FALSE Statement

question 94

Multiple Choice

Which of the following is most likely a FALSE statement about income inequality?

• A) The richest 1% of the world's population claims as much income as the bottom 57%.
• B) GNI is the most effective tool for estimating the relative wealth of a nation's citizens.
• C) Among industrialized nations, the U.S. has the largest inequality gap between rich and poor.
• D) Income inequality between metropolitan and rural areas threatens a country's social stability.

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Definitions:

Account Payable

An obligation or liability of a company to pay a debt owed to a creditor or supplier for goods and services received.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on a part of the corporation's profits.

Current Ratio

An indicator of a company's capability to cover its short-term liabilities with assets that can be quickly converted to cash.

Liquidity

A measure of how quickly and easily assets can be converted into cash without significantly impacting their value.