Income Distribution Quiz 2 (25 MCQs)

Quiz Instructions:

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1. What does the Gini Coefficent identify?

2. Income amount remaining after a year's worth of deductions have been taken.

3. Which of the following factors of production gives the reward interest?

4. Which of the following is a reason why income in the UK is unevenly distributed?

5. A progressive tax

6. Reducing income differences is not an important factor in reducing poverty.

7. With income of $ 10, 000 and paying $ 1, 000 in taxes, vs another with income of $ 100, 000 pays $ 4, 000 in tax, this is a:

8. The gov't uses the POVERTY RATE to determine..

9. Which of the following is an advantage of having income equality?

10. Why is wealth unevenly distributed in the UK?

11. Per the census, approximately what percentage of households from the lowest quintile move to a higher quintile in a lifetime?

12. The term for a business cost that increases or decreases on a monthly basis, such as gas.

13. Money received as a reward for work

14. In a Lorenz diagram for income, the line of equality shows

15. Which policy helps to alleviate poverty?

16. The things you like and enjoy doing.

17. When a household does not have sufficient income to sustain even a basic acceptable standard of living / meet basic needs-it is referred to as

18. In wealthy countries, the poverty line is at US Dollars 2.50 a day.

19. A Gini Coefficent of zero represents _____

20. The poor in the wealthiest countries create serious social problems in society.

21. Benefits that are paid only to those whose incomes fall below a certain level

22. What is the distribution of income?

23. What is the correct definition of the term income?

24. A State pension is an example of

25. A value of 0 of Gini Coefficient indicates