ECONOMICS
INCOME DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Figure 1 shows the gap between the richest and the poorest in South Asia is smaller that that in Latin America.
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True
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False
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Not stated
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None of the above
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Explanation:
Detailed explanation-1: -Poverty ratio-Country rankings The average for 2020 based on 2 countries was 8.3 percent. The highest value was in Indonesia: 9.8 percent and the lowest value was in Thailand: 6.8 percent. The indicator is available from 1985 to 2020. Below is a chart for all countries where data are available.
Detailed explanation-2: -More than 33% of people living in extreme poverty globally reside in South Asia. The poorest countries in the region, Afghanistan, Nepal and Pakistan presented GDP per capita rates of $544, $972 and $1, 555.
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