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A so-called New Gilded Age from 1980–2007

Select one:

a. Stagflation from 1973–1980 when all groups lost ground, with real wages for industrial workers declining by 13 percent, and the income of the richest 1 percent dropping by 14 percent

b. Stagflation from 1973–1980 when all groups lost ground, with real wages for industrial workers declining by 3 percent, and the income of the richest 10 percent dropping by 4 percent

c. Stagflation from 1973–1980 when all groups lost ground, with real wages for industrial workers declining by 13 percent, and the income of the richest 10 percent dropping by 4 percent

d. Stagflation from 1973–1980 when all groups lost ground, with real wages for industrial workers declining by 3 percent, and the income of the richest 1 percent dropping by 4 percent

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A country has to be rich for it to have a ____ Gini index.

Select one:

a. high

b. low

c. genuine

d. substantial

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According to the World Bank, the following countries fall into the category of upper-middle-income country.

Select one or more:

a. Spain

b. China

c. Bangladesh

d. Russia

e. Brazil

f. Kenya

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According to the World Bank, very low-income countries include

Select one or more:

a. Bangladesh

b. Germany

c. Brazil

d. Cambodia

e. Kenya

f. Russia

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More than 70 percent of the world’s population lives in countries with

Select one:

a. equal distribution of wealth

b. rising levels of inequality

c. equal opportunities

d. lower levels of inequality

Answer 1

Q1.A so-called New Gilded Age from 1980–2007
Ans : d. Stagflation from 1973–1980 when all groups lost ground, with real wages for industrial workers declining by 3 percent, and the income of the richest 1 percent dropping by 4 percent

Q2.A country has to be rich for it to have a __ Gini index.
Ans : a. high

Q3.According to the World Bank, the following countries fall into the category of upper-middle-income country.
Ans : China,Russia,Brazil

Q4.According to the World Bank, very low-income countries include
Ans: Bangladesh,

Q5.More than 70 percent of the world’s population lives in countries with

Ans : b. rising levels of inequality

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