4.1.7.1 The distribution of income and wealth

A Gini Coefficent of zero represents ________

• Perfect Equality
• Maximal Inequality
• Negative Contribution

What does the Gini Coefficent identify?

• economic inequality/equality
• population distribution
• employment
• gdp

It is better to have a Gini Coefficent closer to ______.

• 0
• 100
• 50
• 1

What does the Lorenz Curve illustrate?

• inequality
• perfect equality
• almost perfect equality

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

Complete income equality

• 0
• 1

Complete income inequality

• 1
• 0

Income and wealth inequalities have fallen in the UK since the 1980s

• False
• True

The amount of money received over a set period of time

• Income
• Wealth

The value of money assets held

• Wealth
• Income