Exam 18: Income Distribution and Poverty

Wages and salaries (including wage supplements) accounted for ________ of personal income in the United States in 2017.

The argument most often used against redistribution is that a society as wealthy as the United States should not have a legal obligation to provide all its members with the basic necessities of life.

Recall the Economics in Practice on page 372: According to a study discussed in the Economics in Practice, providing data on expected earnings after training and providing biographies on women working in the coding sector ________ the number of women applicants for the coding camp in Peru.

Of the following countries, which has the lowest level of income inequality?

The idea that a dollar in the hand of a rich person is worth ________ a dollar in the hand of a poor person is a consequence of utilitarian justice.

Which of the following is an example of a compensating differential?

According to utilitarian justice, the redistribution of income from the rich to the poor causes

A Gini coefficient of zero means that

Refer to the information provided in Figure 18.1 below to answer the question(s) that follow. Figure 18.1 -Refer to Figure 18.1. The third fifth of families earned ________% of income in Outland.

All Pittsburgh police officers must go through the same training program, but police officers assigned to the narcotics squad earn 10% more than police officers assigned to guard the city courthouse. This 10% difference in pay is an example of a

Philosophical issues regarding income redistribution deal with all of the following except

A Gini coefficient of 0.25 represents less inequality in income distribution than a Gini coefficient of 0.4.

Lydia was born with an aptitude for composing music. This aptitude is an example of

A Gini coefficient of 0.1 represents more inequality in income distribution than a Gini coefficient of 0.9.

In 2017 about 51% of personal income in the United States came from

Household income comes from three main sources: wages and salaries, property, and government.

A registered nurse in Tulsa, Oklahoma makes a lower wage than an equally skilled registered nurse in San Francisco. This is an example of a compensating differential.

If the marginal utility of income decreases as income increases, transferring income from the rich to the poor will

The ________ is a commonly used measure of the degree of inequality in an income distribution.

The official poverty line in the United States was established by the government in the early 1960s.