Creation and Distribution of Wealth (Grade 11 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Which of these is NOT a characteristic of wealth?
Which of these is NOT a characteristic of wealth?
It always increases over time
In the formula , what does S represent?
In the formula , what does S represent?
Savings
What is the most important way people create wealth?
What is the most important way people create wealth?
Through savings
Who created the Lorenz curve and when?
Who created the Lorenz curve and when?
Max Lorenz in 1905
What is the range of the Gini coefficient?
What is the range of the Gini coefficient?
0 to 1
What does a lower Gini coefficient indicate?
What does a lower Gini coefficient indicate?
More equal wealth distribution
Which is NOT mentioned as a cause of wealth inequality?
Which is NOT mentioned as a cause of wealth inequality?
Education level
Which SA law promotes fair treatment in the workplace?
Which SA law promotes fair treatment in the workplace?
Employment Equity Act
What is progressive taxation?
What is progressive taxation?
Wealthy pay higher tax rates
On a Lorenz curve, what does the area between the two lines represent?
On a Lorenz curve, what does the area between the two lines represent?
Inequality