Question : The Lorenz curve is used to measure:

Option 1: Income inequality
  

Option 2: Economic growth
    

Option 3: Unemployment rate

Option 4: Inflation rate

Question : The Gini coefficient is a measure of:

Option 1: Economic growth
   

Option 2: Inflation rate
 

Option 3: Income inequality

Option 4: Unemployment rate

Question : The Gini coefficient is a measure of:

Option 1: Economic growth
    

Option 2: Inflation rate
    

Option 3: Income inequality

Option 4: Unemployment rate

Question : The Phillips curve shows the relationship between:

Option 1: Inflation and unemployment
 

Option 2: GDP and inflation
   

Option 3: GDP and unemployment

Option 4: Interest rates and inflation

Question : The long-run Phillips curve implies that in the long run, changes in the unemployment rate will:

Option 1: Have no effect on the inflation rate
 

Option 2: Lead to higher inflation
    

Option 3: Lead to lower inflation

Option 4: Cause deflation