Measurement of Economic Inequality Online Test

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Measurement of Economic Inequality

Description: This quiz is designed to assess your understanding of the concepts and methods used to measure economic inequality.
Number of Questions: 15
Created by: Aliensbrain Bot
Tags: economics economic inequality measurement

Which of the following is not a commonly used measure of economic inequality?

Gini coefficient
Lorenz curve
Kuznets ratio
Human Development Index

The Gini coefficient is a measure of economic inequality that ranges from:

0 to 1
0 to 100
0 to 1000
-1 to 1

The Lorenz curve is a graphical representation of:

Cumulative income distribution
Cumulative wealth distribution
Cumulative consumption distribution
All of the above

The Kuznets ratio is a measure of economic inequality that compares the:

Top 10% of earners to the bottom 10% of earners
Top 20% of earners to the bottom 20% of earners
Top 50% of earners to the bottom 50% of earners
None of the above

Which of the following is not a factor that can contribute to economic inequality?

Differences in education
Differences in skills
Differences in inheritance
Differences in luck

The Palma ratio is a measure of economic inequality that compares the:

Top 1% of earners to the bottom 50% of earners
Top 5% of earners to the bottom 50% of earners
Top 10% of earners to the bottom 50% of earners
Top 20% of earners to the bottom 50% of earners

The Atkinson index is a measure of economic inequality that is based on:

The Gini coefficient
The Lorenz curve
The Kuznets ratio
Social welfare theory

The Theil index is a measure of economic inequality that is based on:

The Gini coefficient
The Lorenz curve
The Kuznets ratio
Information theory

Which of the following is not a limitation of the Gini coefficient?

It is not sensitive to changes in the distribution of income among the poor
It is not sensitive to changes in the distribution of income among the rich
It is not a relative measure of inequality
It is not a cardinally measurable index

Which of the following is not a limitation of the Lorenz curve?

It is not a relative measure of inequality
It is not sensitive to changes in the distribution of income among the poor
It is not sensitive to changes in the distribution of income among the rich
It is not a cardinally measurable index

Which of the following is not a limitation of the Kuznets ratio?

It is not a relative measure of inequality
It is not sensitive to changes in the distribution of income among the poor
It is not sensitive to changes in the distribution of income among the rich
It is not a cardinally measurable index

Which of the following is not a limitation of the Atkinson index?

It is not a relative measure of inequality
It is not sensitive to changes in the distribution of income among the poor
It is not sensitive to changes in the distribution of income among the rich
It is not a cardinally measurable index

Which of the following is not a limitation of the Theil index?

It is not a relative measure of inequality
It is not sensitive to changes in the distribution of income among the poor
It is not sensitive to changes in the distribution of income among the rich
It is not a cardinally measurable index

Which of the following is not a policy that can be used to reduce economic inequality?

Progressive taxation
Universal basic income
Wealth tax
Minimum wage

Which of the following is not a challenge in measuring economic inequality?

Data availability
Data quality
Data comparability
Data interpretation

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