Understanding Income Inequality Quiz
Understanding Income Inequality Quiz
Test your knowledge about income inequality and the measures used to assess it! This quiz covers key concepts like the Gini Coefficient and Lorenz curve, essential for understanding economic disparities.
- 5 Multiple Choice Questions
- Assess your understanding of income distribution
- Learn about economic measures
What does the Geni Coefficient measure?
A country’s distribution of income
A countries distribution of wealth
A countries poverty rate
What is the Lorenz curve?
A representation of income inequality
A representation of income equality
All of the above
If the Gino coefficient is higher does that mean a countries income distribution is more or less equal?
More equal
Less equal
None of the above
Is the Lorenz curve above or below (right or left) of the line of equality?
Above (left)
Below (right)
It can be either
What does it mean if the Lorenz curve is further from the line of equality?
The countries income distribution is more equal
The countries income distribution is less equal
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