Back
0

Income Distribution

Description: This quiz is designed to assess your understanding of income distribution, a key concept in economics. It covers various aspects of income distribution, including inequality, poverty, and government policies aimed at addressing these issues.
Number of Questions: 15
Created by:
Tags: economics public economics income distribution inequality poverty government policies
Start the Quiz
Attempted 0/15 Correct 0 Score 0
‹
›

What is the most commonly used measure of income inequality?

  1. Gini coefficient

  2. Lorenz curve

  3. Kuznets curve

  4. Palma ratio

Show answer
Correct Option: A
Explanation:

The Gini coefficient is a numerical measure of income inequality that ranges from 0 to 1, where 0 represents perfect equality and 1 represents perfect inequality.

Which country has the highest Gini coefficient in the world?

  1. South Africa

  2. Brazil

  3. United States

  4. China

Show answer
Correct Option: A
Explanation:

South Africa has the highest Gini coefficient in the world, indicating a high level of income inequality.

What is the poverty line?

  1. The income level below which a person is considered poor

  2. The income level below which a person is considered destitute

  3. The income level below which a person is considered vulnerable to poverty

  4. The income level below which a person is considered extremely poor

Show answer
Correct Option: A
Explanation:

The poverty line is the income level below which a person is considered poor.

Which country has the highest poverty rate in the world?

  1. Niger

  2. Central African Republic

  3. South Sudan

  4. Burundi

Show answer
Correct Option: A
Explanation:

Niger has the highest poverty rate in the world, with over 40% of its population living below the poverty line.

What is the main cause of income inequality?

  1. Differences in education and skills

  2. Differences in inheritance

  3. Differences in luck

  4. All of the above

Show answer
Correct Option: D
Explanation:

Income inequality is caused by a combination of factors, including differences in education and skills, differences in inheritance, and differences in luck.

What are the main causes of poverty?

  1. Lack of education and skills

  2. Lack of access to healthcare

  3. Lack of access to jobs

  4. All of the above

Show answer
Correct Option: D
Explanation:

Poverty is caused by a combination of factors, including lack of education and skills, lack of access to healthcare, and lack of access to jobs.

What are some of the government policies aimed at reducing income inequality?

  1. Progressive taxation

  2. Minimum wage laws

  3. Social welfare programs

  4. All of the above

Show answer
Correct Option: D
Explanation:

Government policies aimed at reducing income inequality include progressive taxation, minimum wage laws, and social welfare programs.

What are some of the government policies aimed at reducing poverty?

  1. Cash transfer programs

  2. Food assistance programs

  3. Job training programs

  4. All of the above

Show answer
Correct Option: D
Explanation:

Government policies aimed at reducing poverty include cash transfer programs, food assistance programs, and job training programs.

What are the main challenges in reducing income inequality and poverty?

  1. Political resistance

  2. Economic constraints

  3. Cultural factors

  4. All of the above

Show answer
Correct Option: D
Explanation:

The main challenges in reducing income inequality and poverty include political resistance, economic constraints, and cultural factors.

What are some of the potential consequences of income inequality and poverty?

  1. Social unrest

  2. Political instability

  3. Economic stagnation

  4. All of the above

Show answer
Correct Option: D
Explanation:

Income inequality and poverty can lead to social unrest, political instability, and economic stagnation.

What is the Kuznets curve?

  1. A graphical representation of the relationship between income inequality and economic growth

  2. A graphical representation of the relationship between poverty and economic growth

  3. A graphical representation of the relationship between income inequality and poverty

  4. A graphical representation of the relationship between economic growth and social mobility

Show answer
Correct Option: A
Explanation:

The Kuznets curve is a graphical representation of the relationship between income inequality and economic growth.

What is the Palma ratio?

  1. The ratio of the income of the top 10% of earners to the income of the bottom 10% of earners

  2. The ratio of the income of the top 1% of earners to the income of the bottom 1% of earners

  3. The ratio of the income of the top 0.1% of earners to the income of the bottom 0.1% of earners

  4. The ratio of the income of the top 0.01% of earners to the income of the bottom 0.01% of earners

Show answer
Correct Option: A
Explanation:

The Palma ratio is the ratio of the income of the top 10% of earners to the income of the bottom 10% of earners.

What is the Atkinson index?

  1. A measure of income inequality that takes into account the distribution of income across the entire population

  2. A measure of income inequality that takes into account the distribution of income among the poor

  3. A measure of income inequality that takes into account the distribution of income among the rich

  4. A measure of income inequality that takes into account the distribution of income among the middle class

Show answer
Correct Option: A
Explanation:

The Atkinson index is a measure of income inequality that takes into account the distribution of income across the entire population.

What is the Theil index?

  1. A measure of income inequality that takes into account the distribution of income across the entire population

  2. A measure of income inequality that takes into account the distribution of income among the poor

  3. A measure of income inequality that takes into account the distribution of income among the rich

  4. A measure of income inequality that takes into account the distribution of income among the middle class

Show answer
Correct Option: A
Explanation:

The Theil index is a measure of income inequality that takes into account the distribution of income across the entire population.

What is the Hoover index?

  1. A measure of income inequality that takes into account the distribution of income across the entire population

  2. A measure of income inequality that takes into account the distribution of income among the poor

  3. A measure of income inequality that takes into account the distribution of income among the rich

  4. A measure of income inequality that takes into account the distribution of income among the middle class

Show answer
Correct Option: A
Explanation:

The Hoover index is a measure of income inequality that takes into account the distribution of income across the entire population.

- Hide questions
ADVERTISEMENT

Find more quizzes from top tags

general knowledge
3615 Quizzes
119858 Questions
 technology
307 Quizzes
36705 Questions
 sports
963 Quizzes
19148 Questions
 history
1187 Quizzes
13475 Questions
 physics
598 Quizzes
13441 Questions
 biology
1160 Quizzes
12174 Questions
 science & technology
551 Quizzes
11015 Questions
 chemistry
490 Quizzes
9892 Questions
 maths
518 Quizzes
9324 Questions
 softskills
0 Quizzes
7131 Questions