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Indicate whether the following statements about income distribution, population and poverty are true or false. True 1. About
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Answer #1

1. True
Explanation: It is absolutely true than around 2.5 billion world population lives on less than $2 a day.

2. False
Explanation: Not 20%, but only 1% of the world's population owns more than 80% of the world's income.

3. True
Explanation: US has 5% of the world's population and produces 25% of the world's output.

4. False
Explanation: Some DVCs have these resources.

(Note: As HOMEWORKLIB's policy, 4 MCQs are to be answered at a time.)

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