Economic Inequality

What is your first and Last name?

The Richest 20% of U.S. Families own

• 80% of all wealth

• 100% of all wealth

• 88.9% of all wealth

• none of the above

The Highest Earning 20% of U.S. families earned

• 61.8% of all income

• 0% of all income

• 100% of all income

• none of the above

"Inequality" may seem a simple term, but operationally it may mean many different things, depending on the point of view.

• True

• False

The most cited measures of inequality involve_______________ .

According to the most recent report, the top ____% of households received ____% of "Equivalence-adjusted" aggregate income in 2014.

• 0 and 60

• 4 and 20

• 5 and 21.8

• 5 and 30.8

People with great accumulated wealth may not receive much in the way of income (trust income and capital gains on stocks and other investments, for example, often are excluded from income analysis), while people who earn a lot but also have high expenses (such as child care or tuition) may not consider themselves especially wealthy.

• True

• False

Wealth inequality tends to be much higher than either income or consumption inequality, but it also tends to not vary as much over time.

• True

• False

The Census Bureau also reports the Gini index, a summary statistic that measures the dispersion of income on a scale of zero to one.

• True

• False

The Highest earning 20% of U.S. Households accounted for about _____% of total expenditures.

• 38

• 48

• 18

• None of the Above