11. What does "economic inequality" refer to?
A. Equal income for all citizens
B. Unequal distribution of income and wealth
C. High interest rates
D. Declining foreign reserves
Answer (1)
The answer is letter B. Unequal distribution of income and wealthEconomic inequality means that wealth and income are not fairly shared across the population. A small group of people may become extremely rich, while a large portion of the population remains poor or struggles to meet daily needs. This is often the result of poor access to education, job opportunities, or government support.In the Philippines, many rural communities still experience poverty even though the country reports economic growth. While urban areas like Metro Manila develop quickly, some provinces remain underdeveloped. Bridging this gap requires inclusive programs, fair taxation, and equal access to social services.
