In the Distribution of World Income, the Poorest One-Fifth of the World's

question 38

Multiple Choice

In the distribution of world income, the poorest one-fifth of the world's population earns about ________ of the world income.

• A) 0.5%
• B) 2%
• C) 5%
• D) 12%

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Definitions:

Change in Cash

The difference in a company's cash balance over a specified period, indicating the net increase or decrease in cash.

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from total revenue.

Related Party Transaction

Financial transactions between entities that are considered to have a special relationship, such as companies with common ownership.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to standardize financial reporting around the world.