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The following question has a set of four statements. Each statement can be classified as one of the following:
(i) Facts, which deal with pieces of information that one has heard, seen or read, and which are open to discovery or verification (the answer option indicates such a statement with an F)
(ii) Inferences, which are conclusions drawn about the unknown, on the basis of the known (the answer option indicates such a statement with an I)
(iii) Judgements, which are opinions that imply approval or disapproval of persons, objects, situations and occurrences in the past, the present or the future (the answer option indicates such a statement with a J)
Identify the Fact (F), Judgement (J) and Inference (I) from these sentences.

Statements:

1. According to Oxfam International's 2024 report, the five wealthiest individuals globally have more than doubled their net worth since 2020, while 5 billion people have become poorer.
2. The increasing precarity of labor markets coupled with the expansion of financialized economies suggests that opportunities for upward socioeconomic mobility for the majority will likely diminish in the coming decades, further entrenching inequality.
3. It is morally reprehensible that technological advancements, which possess the potential to uplift global living standards, are predominantly harnessed to consolidate wealth among a select few, rather than fostering equitable development.
4. Data compiled by the United Nations Development Programme consistently demonstrates that significant disparities in access to education and healthcare correlate directly with income quintile divisions across numerous nations.

Options:
(A) F I J F
(B) F J I F
(C) I F J F
(D) J F I J
(E) F I F J

Correct Answer: A

1. Statement 1 Analysis: This is a Fact (F). The statement presents specific, verifiable information attributed to a named source (Oxfam International's 2024 report) and includes concrete figures (five wealthiest individuals, net worth doubled since 2020, 5 billion people poorer). Such information can be objectively checked and verified against the cited report.

2. Statement 2 Analysis: This is an Inference (I). The statement draws a conclusion about a future likelihood ("will likely diminish") based on observed trends and conditions ("increasing precarity of labor markets," "expansion of financialized economies"). The word "suggests" indicates a logical deduction about an unknown future outcome, rather than a confirmed fact or a personal opinion.

3. Statement 3 Analysis: This is a Judgement (J). The phrase "It is morally reprehensible" expresses a strong ethical disapproval and a value-based opinion. It also prescribes how technological advancements "should" be used ("rather than fostering equitable development"), which is a subjective evaluation of preferred action.

4. Statement 4 Analysis: This is a Fact (F). The statement asserts a consistent, observable correlation ("correlate directly") between two measurable phenomena (disparities in education/healthcare access and income quintile divisions) based on data compiled by a reputable organization (United Nations Development Programme). This correlation is presented as a verifiable observation from empirical data, not a subjective opinion or a prediction about the unknown.

Logical Trap: A common trap lies in Statement 2, where the use of "suggests" might lead some to think it's a weak form of fact. However, "suggests" here introduces a conclusion about a future, unobserved phenomenon, making it an inference. Conversely, Statement 4, despite discussing a "correlation," is a factual observation based on data, not an inference, because the correlation itself is presented as a verified pattern rather than a prediction or a derived unknown. Students might also confuse the moral condemnation in Statement 3 for a widely accepted truth, but any statement involving "morally reprehensible" or "should be" is inherently a judgment, as it reflects a subjective value system.