Ayushi posted an Question
August 14, 2020 • 04:52 am 30 points
  • UGC NET
  • Economics

13. according to simon kuznets the relationship between gross national product per capita and inequality in the distribution of income can be expressed as (1) d

13. According to Simon Kuznets the relationship between Gross National Product per capita and inequality in the distribution of income can be expressed as (1) Decreasing Relationship (2) Increasing Relationship (3) First increasing and then decreasing relationship (4) No Relationship

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    Nidhi taparia Best Answer

    The answer is (3). Kuznets stated that with increasing GDP, inequality first rises and then falls. Also called inverted U hypothesis.

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