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The Economics of Inequality
Contributed by: Hayward
  • 1. What is the Gini coefficient used to measure?
A) Economic growth
B) Employment rates
C) Income inequality
D) Consumer spending
  • 2. Which country has one of the highest Gini coefficients?
A) Norway
B) Germany
C) Japan
D) South Africa
  • 3. What does the term 'income distribution' refer to?
A) The total income of a country
B) How income is divided among a population
C) Income tax rates
D) The management of national income
  • 4. What is the main purpose of progressive taxation?
A) To reduce income inequality
B) To fund government projects
C) To encourage investment
D) To increase total tax revenue
  • 5. Which factor is commonly linked to increased economic inequality?
A) Population growth
B) Inflation rates
C) Technological advancements
D) Higher birth rates
  • 6. Which of the following is a common cause of wealth inequality?
A) Tax reforms for all
B) Inheritance
C) Minimum wage laws
D) Universal basic income
  • 7. Which demographic group is often disproportionately affected by economic inequality?
A) Single men
B) Women
C) Retired individuals
D) College graduates
  • 8. What role do multinational corporations play in economic inequality?
A) They ensure fair wages
B) They diversify local economies
C) They can exacerbate income disparities
D) They eliminate poverty
  • 9. What is 'capital accumulation'?
A) The growth of wealth over time
B) Wasting resources
C) Redistributing wealth
D) Spending wealth immediately
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