How does the share of rich people affect the total income of a democratic country?

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Decreasing economic inequality

Constant economy of nation

Increasing economic inequality

None of these

answer is C.

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Detailed Solution

The share of rich people affects the total income of a democratic country's rising economic inequality.
In surveys of a democratic country's total income, even if the country is perceived to be rich, the majority of income is often concentrated in the hands of a few ultra-rich groups in the country. While with the increasing economic inequality in democracies, the poor section is getting poorer while the rich are getting richer. When counted as the total income of a democratic country, the wealthier sections balance the data out and give us a shallow and partial result.

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