Economic Inequality Compares the Share of the _______

question 22

Multiple Choice

Economic inequality compares the share of the _______
In society that is received by
Different groups; such as comparing the share of income received by the _______ to the share of income received by the _______.

• A) total wealth; top 10%; bottom 10%
• B) answers a and c are correct.
• C) total income; bottom 10%; top 10%
• D) none of the above are correct.

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Definitions:

Government Purchases Multiplier

The ratio of change in aggregate economic output to a change in government spending, used to analyze the effect of fiscal policy on the economy.

Aggregate Demand

Total economic need for all goods and services within an economy, pegged at a designated price level during a chosen period.

Government Expenditures

The total amount of money spent by the government in a fiscal period, including spending on goods, services, and public projects.

Price Level

An overall average price for the full range of goods and services in the economy.