Economic Inequality quiz

More questions about Economic Inequality

These visible examples show the question style. LearnClash turns the full topic into ranked duels and spaced repetition.

1. 1 Easy

   Which tax on total assets fell from 12 OECD countries to 4?

   Answer: Wealth tax

   Why: Even where they survived, they raised little: from 0.5% of all tax revenue in France to 3.7% in Switzerland in 2016.

2. 2 Medium

   What shape does the Kuznets curve make?

   Answer: Inverted U

   Why: Kuznets tied the rising half of the curve to workers moving from low-paid farming into better-paid industry.

3. 3 Hard

   Where does the EU set its poverty-risk line, as a share of median income?

   Answer: 60%

   Why: The OECD draws its relative poverty line lower, at half of median income.

4. 4 Easy

   Which disaster pushed up wages across medieval Europe?

   Answer: Black Death

   Why: England's 1351 Statute of Labourers tried to freeze wages at pre-plague levels, yet farm wages roughly doubled by 1450.

5. 5 Medium

   Which country has the world's highest Gini coefficient?

   Answer: South Africa

   Why: Its richest 10% own more than 80% of the country's wealth.

6. 6 Hard

   What concept does the Theil index adapt from physics?

   Answer: Entropy

   Why: Unlike the Gini coefficient, the Theil index neatly splits total inequality into gaps within groups and gaps between groups.