Inequality Across Households Can Be Measured by Looking at the Share

question 90

Multiple Choice

Inequality across households can be measured by looking at the share of national income:

• A)going to the poorest fifth of the population.
• B)going to the richest tenth of the population.
• C)going to the poorest tenth of the population.
• D)received by the richest half of the population.
• E)received by the poorest half of the population.

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Definitions:

Economics

The study of how society manages its scarce resources.

Signaling

An action taken by an informed party to reveal private information to an uninformed party.

Romantic Gift

A present or offering given to someone special to express affection or love.

Screening

An action taken by an uninformed party to induce an informed party to reveal information.