Thomas Piketty: New thoughts on capital in the twenty-first century

Thomas Piketty: New thoughts on capital in the twenty-first century

Assessment

Interactive Video

Business, Social Studies

11th Grade - University

Hard

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Thomas Piketty discusses the historical and future trends of income and wealth inequality, emphasizing the tendency for the rate of return on capital to exceed economic growth, leading to wealth concentration. He highlights the reversal of inequality trends between the US and Europe and the persistent higher level of wealth inequality compared to income inequality. Piketty suggests policy measures like financial transparency and progressive taxation to address these issues, while acknowledging the challenges and uncertainties in implementing such policies.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key factor that leads to wealth concentration according to the speaker?

The decline in educational standards

The rise of new technologies

The increase in global population

The rate of return on capital exceeding economic growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason for the reversal of income inequality trends between the US and Europe?

The difference in tax policies

The changing supply and demand for skills

The increase in global trade

The rise of social media

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the speaker describe wealth inequality compared to income inequality?

Wealth inequality is the same as income inequality

Wealth inequality is generally lower than income inequality

Wealth inequality is generally higher than income inequality

Wealth inequality has no relation to income inequality

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What model does the speaker suggest best explains wealth concentration?

A technological advancement model

A demographic transition model

A dynamic, dynastic model

A static economic model

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What historical period does the speaker mention as having a unique combination of low returns and high growth?

The 18th century

The 19th century

The 20th century

The 21st century

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker suggest as a way to improve financial transparency?

Reducing international trade

Implementing a global registry of financial assets

Increasing inflation

Encouraging more private investments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the criticisms addressed by the speaker regarding their work?

The focus on technology

The lack of historical context

The choice of data sets

The emphasis on education

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