Master The Gini Coefficient and The Lorenz Curve

This quiz dives into the topic of Income Inequality from the Economics Unit 1 Syllabus, specifically the Module 3.

Questions

Author: Author Image Krish Beachoo

Edu Level: Unit1

Date: Mar 27 2024 - 2:00 AM

Notebooks ⬅️ ⬅️ Master The Gini Coefficient and The Lorenz Curve

Question 1

What is the Gini Coefficient?

Question 2

What is the Lorenz Curve

Question 3

Which of the following Countries have the greatest income inequality?

Question 4

Which of the following represents the Gini Coefficient?

Question 5

At what angle is the Line of Absolute Income Equality drawn?

Question 6

What is the Range of the Gini Coefficient?

Question 7

The area between the Lorenz Curve and the Line of Absolute Income Inequality represents 0.6, what is the Gini Coefficient?

Question 8

The area between the Lorenz Curve and the Line of Absolute Income Equality represents 0.75, what is the Gini Coefficient?

Question 9

Country A has a Gini Coefficient of 0.85 and Country B has a Gini Coefficient of 0.15, which country has a more uneven distribution of income?

Question 10

What does the bottom 50% of recipients of income represent in a country with a highly uneven distribution of income?

Question 11

What does the y-axis represent in a diagram showing the Gini Coefficient and Lorenz Curve?

Question 12

What does the x-axis represent in a diagram showing the Gini Coefficient and Lorenz Curve?

REDO QUIZ

⚠️ Did you spot an error? Contact Us!
Please include the title of the note, the respective Notebook and the error to speed up the process.