Question

comapre higher income developed countries with less developed countries
​

Answer 1

Explanation:

Rich countries tend to have lower income inequality than developing countries. The figure below shows a negative relationship between the level of income per capita (which is a measure of technological progress) and the Gini coefficient of income (which is a measure of inequality within a country).1

When we dig deeper into the data, we observe that the countries with the highest income inequality are countries in Latin America and Africa. Advanced economies, on the other hand, display lower income inequality.

To examine these patterns further, we placed the countries shown in the figure into six regional groups and computed the average Gini coefficient for each group. The results are in the table below.