4.1.7.1 The distribution of income and wealth
Authored by James Hannaford
12th Grade
Used 146+ times
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39 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Gini Coefficent of zero represents ________
Perfect Equality
Maximal Inequality
Negative Contribution
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Gini Coefficent identify?
economic inequality/equality
population distribution
employment
gdp
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is better to have a Gini Coefficent closer to ______.
0
100
50
1
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Lorenz Curve illustrate?
inequality
perfect equality
almost perfect equality
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Gini Index?
space between the Lorenz Curve and perfect equality
The Gini Coefficent translated to be out of 100
The Gini Coefficent multiplied by the Lorenz Curve
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Complete income equality
0
1
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Complete income inequality
1
0
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