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Economic Disparities Among Ethnic Groups

Description: This quiz will test your knowledge on the economic disparities among ethnic groups.
Number of Questions: 15
Created by:
Tags: economics ethnic economics economic disparities
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Which ethnic group has the highest median household income in the United States?

  1. White

  2. Black

  3. Hispanic

  4. Asian


Correct Option: A
Explanation:

According to the U.S. Census Bureau, the median household income for White households was $70,610 in 2019, compared to $41,530 for Black households, $51,350 for Hispanic households, and $87,240 for Asian households.

Which ethnic group has the highest poverty rate in the United States?

  1. White

  2. Black

  3. Hispanic

  4. Asian


Correct Option: B
Explanation:

According to the U.S. Census Bureau, the poverty rate for Black people was 20.8% in 2019, compared to 10.5% for White people, 15.7% for Hispanic people, and 10.1% for Asian people.

What is the main cause of economic disparities among ethnic groups?

  1. Discrimination

  2. Lack of education

  3. Lack of job opportunities

  4. All of the above


Correct Option: D
Explanation:

Economic disparities among ethnic groups are caused by a combination of factors, including discrimination, lack of education, and lack of job opportunities.

How can we reduce economic disparities among ethnic groups?

  1. Increase access to education and job training

  2. Enact anti-discrimination laws

  3. Provide financial assistance to low-income families

  4. All of the above


Correct Option: D
Explanation:

Reducing economic disparities among ethnic groups requires a comprehensive approach that includes increasing access to education and job training, enacting anti-discrimination laws, and providing financial assistance to low-income families.

What are the consequences of economic disparities among ethnic groups?

  1. Increased poverty and crime

  2. Social unrest

  3. Political instability

  4. All of the above


Correct Option: D
Explanation:

Economic disparities among ethnic groups can lead to increased poverty and crime, social unrest, and political instability.

Which ethnic group has the highest rate of homeownership in the United States?

  1. White

  2. Black

  3. Hispanic

  4. Asian


Correct Option: A
Explanation:

According to the U.S. Census Bureau, the homeownership rate for White households was 73.7% in 2019, compared to 41.7% for Black households, 47.5% for Hispanic households, and 58.6% for Asian households.

Which ethnic group has the highest rate of unemployment in the United States?

  1. White

  2. Black

  3. Hispanic

  4. Asian


Correct Option: B
Explanation:

According to the U.S. Bureau of Labor Statistics, the unemployment rate for Black people was 6.0% in 2019, compared to 3.5% for White people, 4.2% for Hispanic people, and 3.7% for Asian people.

What is the median wealth of White households in the United States?

  1. $171,000

  2. $103,000

  3. $71,000

  4. $45,000


Correct Option: A
Explanation:

According to the Federal Reserve, the median wealth of White households was $171,000 in 2019, compared to $103,000 for Black households, $71,000 for Hispanic households, and $45,000 for Asian households.

What is the median wealth of Black households in the United States?

  1. $171,000

  2. $103,000

  3. $71,000

  4. $45,000


Correct Option: B
Explanation:

According to the Federal Reserve, the median wealth of Black households was $103,000 in 2019, compared to $171,000 for White households, $71,000 for Hispanic households, and $45,000 for Asian households.

What is the median wealth of Hispanic households in the United States?

  1. $171,000

  2. $103,000

  3. $71,000

  4. $45,000


Correct Option: C
Explanation:

According to the Federal Reserve, the median wealth of Hispanic households was $71,000 in 2019, compared to $171,000 for White households, $103,000 for Black households, and $45,000 for Asian households.

What is the median wealth of Asian households in the United States?

  1. $171,000

  2. $103,000

  3. $71,000

  4. $45,000


Correct Option: D
Explanation:

According to the Federal Reserve, the median wealth of Asian households was $45,000 in 2019, compared to $171,000 for White households, $103,000 for Black households, and $71,000 for Hispanic households.

What is the Gini coefficient for the United States?

  1. 0.41

  2. 0.48

  3. 0.55

  4. 0.62


Correct Option: A
Explanation:

The Gini coefficient for the United States was 0.41 in 2019, according to the World Bank. This means that the distribution of income in the United States is relatively equal, compared to other countries.

What is the Gini coefficient for South Africa?

  1. 0.41

  2. 0.48

  3. 0.55

  4. 0.62


Correct Option: D
Explanation:

The Gini coefficient for South Africa was 0.62 in 2019, according to the World Bank. This means that the distribution of income in South Africa is very unequal, compared to other countries.

What is the Gini coefficient for China?

  1. 0.41

  2. 0.48

  3. 0.55

  4. 0.62


Correct Option: B
Explanation:

The Gini coefficient for China was 0.48 in 2019, according to the World Bank. This means that the distribution of income in China is relatively equal, compared to other countries.

What is the Gini coefficient for India?

  1. 0.41

  2. 0.48

  3. 0.55

  4. 0.62


Correct Option: C
Explanation:

The Gini coefficient for India was 0.55 in 2019, according to the World Bank. This means that the distribution of income in India is relatively unequal, compared to other countries.

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