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