DP2 Poverty & Inequality

What does economic inequality refer to?

• Disparities in economic resources
• Lack of access to education
• Unemployment rates
• Access to healthcare

What is the primary focus of "Unequal Distribution of Income"?

• Differences in earnings and income sources
• Variations in access to education
• Regional disparities
• Racial discrimination

Which of the following represents "Unequal Distribution of Wealth"?

• Accumulation of assets and financial holdings
• Variations in income due to tax
• Educational disparities
• Healthcare access

How is the Lorenz curve used in economics?

• To visualize income or wealth distribution
• To predict future economic trends
• To calculate inflation rates
• To measure unemployment levels

What does the Gini coefficient measure?

• Economic growth
• Income and wealth inequality
• Access to education
• Healthcare quality

What is absolute poverty?

• A measure of poverty relative to the living standards of the wider society
• A fixed threshold to determine if income or resources are insufficient for basic needs
• A measure of poverty in terms of GDP
• A measure of income inequality

What is relative poverty?

• A measure of poverty in terms of GDP
• A measure of poverty relative to the living standards of the wider society
• A fixed threshold to determine if income or resources are insufficient for basic needs
• A measure of income inequality

What does the Minimum Income Standards measure?

• Variations in income due to tax
• The cost of essential items such as housing, food, and clothing
• Educational disparities
• Healthcare access

Which of the following is an example of a single indicator for measuring poverty?

• Multidimensional Poverty Index
• International Poverty Lines
• Minimum Income Standards
• Gini Coefficient

What makes measuring poverty challenging?

• Lack of data
• Subjectivity and cultural differences
• Static nature of poverty
• Inadequate government policies