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    Question

    Which organisation released the World Inequality Report,

    2022?
    A Organisation for Economic Co-operation and Development Correct Answer Incorrect Answer
    B International Economic Development Council Correct Answer Incorrect Answer
    C World Inequality Lab Correct Answer Incorrect Answer
    D World Economic Forum Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Institute for Competitiveness released a report titled “The State of Inequality in India”. Option c is correct: World Inequality Report is a report by the World Inequality Lab at the Paris School of Economics that provides estimates of global income and wealth inequality based on the most recent findings compiled by the World Inequality Database (WID). Government policies bias and favour the rich which leads to a wider gap between the rich and the poor and this gap rapidly widening. The wealthiest 10% of the world's population has more than 50% of the world's income. While lower income groups which constituted around 50% of the population own only 2% of the world's wealth. Inequality increases not only between rich and poor but the gap between rich and poor countries also widens.

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