Addressing Income and Wealth Inequality Quiz by Shubhrata Shrestha | May 25, 2025 | 0 comments Addressing Income and Wealth Inequality Quiz 1. Which of the following best describes income? A. Ownership of assets B. Value of total property C. Earnings received over time D. Savings accumulated from past wages None 2. The Gini coefficient is used to measure: A. Inflation rate B. Government spending C. Unemployment D. Income and wealth inequality None 3. Which of these is a flow concept in economics? A. Wealth B. Capital C. Income D. Land None 4. A Gini coefficient of 1 indicates: A. Perfect equality B. Everyone earns the same C. Perfect inequality D. All wealth is taxed None 5. What is one primary goal of progressive taxation? A. Raise more money from low-income earners B. Encourage saving among the rich C. Increase income inequality D. Reduce after-tax income differences None 6. Which of the following is an example of a transfer payment? A. Wage from employment B. Dividends from shares C. Pension from the government D. Income from renting property None 7. What could be a negative consequence of setting a minimum wage too high? A. More public spending B. Inflation rises C. Budget surplus D. Higher unemployment None 8. Which of the following would reduce wealth inequality most directly? A. VAT increase B. Inheritance tax C. Fuel subsidy D. Public sector wage cuts None 9. The government provides free education and healthcare mainly to: A. Create more jobs B. Generate tax revenue C. Ensure equitable access to essential services D. Promote exports None 10. What is a major reason for persistent wealth inequality? A. Trade deficits B. Unequal education C. Asset inheritance D. Technological change None Time's up Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ
