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