Year 10 Living Standards Quiz

What does the HDI stand for?

• Human Development Index

• Happy Development Index

• Household Domesticity Index

• Human Dying Index

A graphical representation of income distribution. It's perfectly straight if everyone earns the same income.

• Lorenz Curve

• Purchasing Power

• Deflation

• Globalization

Real GDP per capita is usually used to compare the standard of living of

• A. the same country at different points in time.

• B. two different individuals at one point in time.

• C. two different countries at one point in time.

• D. A&C only

• E. None of the above

What is standard of living?

• It measures how well off people in a country are.

• the average number of years a person in a country is expected to live.

Minimum value of the gini coefficient

• -2

• -1

• 0

• 1

Maximum value of the gini coefficient

• 2

• 1

• 0

• 3

What is the Lorenz Curve?

• A graphical representation of income or wealth inequality.

• A graphical representation of how GDP changes over time.

• A graphical representation of which countries are wealthier than others.

• None of the above.

What does the dotted line show on this graph?

• Income inequality in the USA

• Perfect inequality

• Perfect equality

• Income inequality in Australia

What does the curved line show on this graph?

• Income inequality in the USA

• Perfect inequality

• Perfect equality

• Income inequality in Australia

How unevenly income is distributed across a population is known as:

• Wealth inequality

• Income inequality

• True inequality

• GDP per capita