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Which of the following statements is correct regarding the distribution of economic benefits in democracies? -

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Question

Which of the following statements is correct regarding the distribution of economic benefits in democracies?

Options

  • Incomes of both the rich and the poor have been increasing

  • Incomes of both the rich and the poor have been declining

  • Incomes of the rich have been increasing and those of the poor have been declining

  • None of the above

MCQ

Solution

Incomes of the rich have been increasing and those of the poor have been declining

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Economic Growth and Development
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