Lesson 14

Question 1

What is the gini coefficient?

Answer 1

Measures inequality in the distribution of income or wealth. 0 shows equality and 1 shows inequality

Question 2

What is the lorenze curve?

Answer 2

If straight perfectly equal, if curved inequality

Question 3

Example of a country that has high inequality?

Answer 3

Turkey and Mexico

Question 4

Example of a country that has low inequality?

Answer 4

Cuba

Question 5

What are OXFAM’s top 5 impacts of inequality?

Answer 5

Gap between rich and poor increasing.
Increased crime and violent conflict.
Without access to clean drinking water and too little food.
Poverty increased.
Economic inequality.