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WorksheetsEconomics_Poverty
Total questions: 15
Worksheet time: 8mins
Which is the least likely to be an indicator of poverty in an economy?
inadequate income
unemployment
hunger and malnutrition
homelessness and inadequate housing
What exists when there is an average income that equals to or less than $1.25 per day?
poverty line
relative poverty
absolute poverty
poverty trap
Which is not a UN Sustainable Develoopment Goals (SDG)?
reduced inequalities
zero hunger
clean water and sanitation
reduce, reuse, recycle
Which is least likely to be a cause of poverty?
low literacy rates
low GDP per capita
high rates of tax
high public debt
What is experienced by those who have a lower standard of living in comparison to the average member of society?
absolute poverty
relative poverty
poverty line
poverty trap
When a group of poor people rely much on the benefits given by government and they would not want to seek for jobs, this is known as ....
market failure
subsidies failure
poverty trap
regressive benefits
A tax that is charged the same irrespective of the people's income, is known as ....
indirect tax
regressive tax
progressive tax
proportional tax
Which of the following country has experienced a hyper-inflation?
Venezuela
Mexico
Canada
Brazil
The following policies are able to alleviate poverty in a country, except ....
state benefits
progressive tax
increase in income tax
increase in NMW
In order to alleviate poverty, a country needs to prioritize its output on .....
quarternary sector
tertiary sector
secondary sector
primary sector
Which of the following policies would give people an incentive to save?
higher income tax rates
banks make it easier to borrow money
higher interest rates
lower interest rates
Which of the following is likely to cause a decrease in consumer spending?
an increase in the rate of inflation
a decrease in interest rates
an increase in government spending on healthcare and education
an increase in business and consumer confidence in the economy
A government is concerned about the level of household borrowing in an economy. Which of the following may have caused an increase in borrowing?
an increase in real wages
an increase in interest rates
negative economic outlook for the economy
an increase in direct and indirect taxes
Which of the following reason that makes a graduate chooses to work in the public sector than the private sector?
more opportunities to earn bonuses
higher earning potential
better promotion prospects and career progression
greater job security and pension
Following an increase in the NMW, which is most likely to reduce government expenditure on welfare payments?
increased consumer spending in the economy
increased tax revenues from higher income taxes
unemployed workers having a greater incentive to work
greater productivity of public sector workers
