Core Econ Quiz 1.1 - Income Inequality
Quiz by Mika'il Saadiq
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6 questions
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- Q1A handy measure of inequality in a country is calledracial deficittoo bad for youthe 90/10 ratiothe haves and the havenots30s
- Q2The 90/10 ration explainswhy people starvethe average income of the richest 10% divided by the average income of the poorest 10%.the guns to butter ratiothe average of top 10% of employed persons divided by the average of total unemployed persons30s
- Q3The wider the gap between the richest and poorest in a country produces10/90 ratioa lower ratio numbera balanced ratio numbera higher ratio number30s
- Q4The United States has a 90/10 ratio of2022165.430s
- Q5The average income in Norway is19 times the average income in Nigeriamade by selling bitcoins$500,000.0019 times the average income in the US30s
- Q6How does the text suggest the vast differences in income between the countries of the world today came about?Users enter free textType an Answer120s