Economic Disparities and Poverty Measurement Quiz
Test your knowledge on poverty measurement, economic inequality, and multidimensional poverty with these insightful quiz questions.
#1
Which of the following is a commonly used measure of economic inequality?
Gini coefficient
Mean income
Median income
Poverty headcount ratio
#2
In economics, what does the term 'absolute poverty' refer to?
When a person's income is below a certain level necessary to meet basic needs
When a person's income is lower than the average income of a particular country
When a person's income is lower than the median income of a particular country
When a person's income is below a certain percentage of the mean income of a particular country
#3
Which of the following is not considered a factor contributing to economic disparities?
Income inequality
Educational opportunities
Healthcare access
Political stability
#4
What is the poverty line?
A threshold below which a person or family is considered to be lacking the resources to meet the basic needs for healthy living
The level of income necessary to maintain or achieve a certain standard of living
The average income of a country divided by the number of people living in poverty
The minimum wage set by the government
#5
Which of the following is a measure used to assess multidimensional poverty?
Human Development Index (HDI)
Gini coefficient
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
#6
What does the term 'relative poverty' refer to?
When a person's income is below a certain level necessary to meet basic needs
When a person's income is lower than the average income of a particular country
When a person's income is lower than the median income of a particular country
When a person's income is below a certain percentage of the mean income of a particular country
#7
Which of the following is a common indicator used to measure income inequality?
Human Development Index (HDI)
Gini coefficient
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
#8
Which of the following is a drawback of using GDP per capita as a measure of poverty?
It does not account for income inequality within a country
It does not consider the population size of a country
It only measures the average income of a country
It cannot be used to compare the standard of living across countries
#9
Which of the following is NOT a component of the Multidimensional Poverty Index (MPI)?
Education
Health
Income
Living Standards
#10
What does the Lorenz curve illustrate in economics?
The relationship between income and consumption
The distribution of wealth within a population
The relationship between inflation and unemployment
The impact of interest rates on savings
#11
What is the difference between absolute and relative poverty?
Absolute poverty refers to a fixed threshold of income, while relative poverty compares one's income to others in society.
Relative poverty refers to a fixed threshold of income, while absolute poverty compares one's income to others in society.
There is no difference between absolute and relative poverty.
Absolute poverty only considers income, while relative poverty considers various dimensions of deprivation.
#12
What is the HDI (Human Development Index) used for?
To measure economic growth
To assess income inequality
To evaluate overall human well-being
To calculate poverty rates
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