Understanding Economic Inequality Terms

What is the term for the difference in annual earnings between high- and low-earning households?

• Wealth inequality

• Income inequality

• Upward mobility

• Real value

Which term describes the unequal distribution of assets such as land, businesses, stocks, and bonds?

• Income inequality

• Upward mobility

• Wealth inequality

• CEO

What does the term "upward mobility" refer to?

• Moving from a higher to a lower economic status

• The difference in annual earnings between households

• Moving from a lower to a higher economic status or social class

• The unequal distribution of assets

Who is responsible for managing an organization and is often referred to as the chief executive officer?

• CFO

• COO

• CEO

• CTO

What is the term for the price of something after it has been adjusted for inflation?

• Nominal value

• Real value

• Market value

• Book value

Which protest movement against economic and social inequality began in New York City in 2011?

• Black Lives Matter

• Occupy Wall Street

• Me Too

• Climate Strike

Which of the following best describes "income inequality"?

• The unequal distribution of assets

• The difference in annual earnings between high- and low-earning households

• The movement from a lower to a higher social class

• The price of something adjusted for inflation

What does "wealth inequality" specifically refer to?

• The difference in annual earnings

• The unequal distribution of assets

• The movement from a lower to a higher economic status

• The management of an organization

Which of the following is an example of "upward mobility"?

• A person moving from a managerial position to an entry-level job

• A person receiving a pay cut

• A person moving from a lower to a higher economic status

• A person experiencing inflation-adjusted price changes

What is the primary focus of the "Occupy Wall Street" movement?

• Environmental conservation

• Economic and social inequality

• Technological advancement

• Political reform