Economic Inequality and Social Welfare Quiz

Test your knowledge on income distribution, poverty, and social welfare. Explore economic theories and global perspectives in this inequality quiz.

#1

Which economic indicator measures the average income per person in a country?

Gini coefficient
Consumer Price Index (CPI)
Gross Domestic Product (GDP) per capita
Poverty rate
#2

What does the Gini coefficient measure?

Income inequality
Overall economic growth
Unemployment rate
Consumer spending
#3

What is the term for the income level below which a person or family is considered poor according to government standards?

Minimum wage
Income threshold
Poverty line
Basic income
#4

Which of the following is NOT a consequence of economic inequality?

Decreased social mobility
Reduced economic growth
Increased innovation
Higher crime rates
#5

What is a common measure used to determine poverty?

Median household income
Purchasing power parity (PPP)
Official poverty threshold
Income quintiles
#6

Which of the following is a measure of relative poverty?

Gini coefficient
Human Development Index (HDI)
Median income
Poverty line
#7

What is the term used to describe the phenomenon where a small percentage of individuals or households possess a majority of a society's wealth?

Income disparity
Wealth gap
Social stratification
Economic polarization
#8

Which factor is considered a primary contributor to the gender pay gap?

Educational attainment
Occupational segregation
Number of working hours
Union membership
#9

Which region of the world generally exhibits higher levels of income inequality?

Europe
North America
Australia
Scandinavia
#10

Which theory suggests that economic inequality is necessary for promoting productivity and innovation?

Trickle-down economics
Marxist theory
Keynesian economics
Laffer curve theory
#11

Which economic concept suggests that as income rises, the proportion of income spent on basic needs decreases?

Engel's law
Ricardian equivalence
Laffer curve
Phillips curve
#12

In which country was the Gini coefficient first introduced as a measure of income inequality?

United States
France
Brazil
Italy
#13

Which economic theory argues that government intervention is necessary to address economic inequality and ensure social welfare?

Monetarism
Austrian economics
Socialism
Supply-side economics
#14

Which of the following is NOT a government policy aimed at reducing economic inequality?

Progressive taxation
Universal basic income
Regulation of monopolies
Flat tax system
#15

Which economic theory suggests that economic inequality may naturally increase as economies develop?

Convergence theory
Neoclassical economics
Dependency theory
Structural functionalism

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