Inequality and Poverty Quiz

What is economic inequality?

• Equal distribution of wealth, assets, and incomes in society

• Unequal distribution of wealth, assets, or incomes in society

• The gap between the rich and the poor

• The difference between income and wealth

Are wealth and income connected?

• Yes, a person with a high disposable income will also be wealthy

• No, there is no correlation between wealth and income

• Wealthy people generally have high incomes

• Wealth and income are unrelated

What is the difference between income and wealth for Evelyn, Olivia, and James?

• Income is a flow, while wealth is a stock

• Income and wealth are the same thing

• Income is the historical accumulation of everything you own

• Wealth is the flow of money you receive hourly, weekly, monthly or annually

What is the purpose of Universal Basic Income (UBI)?

• Why is Universal Basic Income (UBI) important for Isla, Avery, and Scarlett?

• How does Universal Basic Income (UBI) benefit Isla, Avery, and Scarlett?

• What positive impact does Universal Basic Income (UBI) have on Isla, Avery, and Scarlett?

• How does Universal Basic Income (UBI) contribute to the well-being of Isla, Avery, and Scarlett?

What is the Gini coefficient used for, Samuel, Noah, and Mason?

• To measure the level of income inequality in an economy

• To determine the level of wealth inequality in a country

• To calculate the average income of a population

• To compare the income of different countries

What does South Africa's Gini coefficient indicate about income inequality for Daniel, Priya, and Ava?

• South Africa has a low level of income inequality

• South Africa has a high level of income inequality

• South Africa has equal income distribution

• South Africa's income inequality is improving

What is the impact of an increase in income inequality on Aria, Ava, and Samuel?

• Decreased poverty rates

• Improved economic growth

• Increased social problems

• Reduced wealth accumulation

What is absolute poverty?

• Poverty where people earn below internationally defined levels of income

• Poverty where people earn below the median income relative to their specific country

• Poverty where people lack access to basic necessities

• Poverty where people have no wealth or assets

What is relative poverty?

• Poverty where people earn below internationally defined levels of income

• Poverty where people earn below the median income relative to their specific country

• Poverty where people lack access to basic necessities

• Poverty where people have no wealth or assets

What has contributed to New Zealand's high level of relative poverty?

• Decreased income inequality

• Increased wealth accumulation

• Improved access to basic necessities

• Becoming a more unequal society