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The Piketty-Saez Hypothesis

The Piketty-Saez Hypothesis Quiz

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Questions

Question 1 Multiple Choice (Single Answer)

What is the central argument of the Piketty-Saez Hypothesis?

  1. Wealth inequality is increasing over time.
  2. Wealth inequality is decreasing over time.
  3. Wealth inequality is constant over time.
  4. Wealth inequality is unrelated to income inequality.
Question 2 Multiple Choice (Single Answer)

What is the 'r > g' inequality?

  1. The rate of return on capital is greater than the rate of economic growth.
  2. The rate of return on capital is less than the rate of economic growth.
  3. The rate of return on capital is equal to the rate of economic growth.
  4. The rate of return on capital is unrelated to the rate of economic growth.
Question 3 Multiple Choice (Single Answer)

What is the 'wealth-to-income ratio'?

  1. The ratio of total wealth to total income.
  2. The ratio of total wealth to total consumption.
  3. The ratio of total wealth to total savings.
  4. The ratio of total wealth to total investment.
Question 4 Multiple Choice (Single Answer)

According to the Piketty-Saez Hypothesis, what is the long-run trend of the wealth-to-income ratio?

  1. It will increase over time.
  2. It will decrease over time.
  3. It will remain constant over time.
  4. It will fluctuate over time.
Question 5 Multiple Choice (Single Answer)

What are some of the policy implications of the Piketty-Saez Hypothesis?

  1. Progressive taxation.
  2. Wealth redistribution.
  3. Investment in education and human capital.
  4. All of the above.
Question 6 Multiple Choice (Single Answer)

Which country has the highest wealth-to-income ratio in the world?

  1. United States
  2. China
  3. Japan
  4. Germany
Question 7 Multiple Choice (Single Answer)

What is the 'inheritance effect'?

  1. The tendency for wealth to be passed down from generation to generation.
  2. The tendency for wealth to be accumulated by individuals over their lifetime.
  3. The tendency for wealth to be distributed equally across society.
  4. The tendency for wealth to be concentrated in the hands of a few individuals.
Question 8 Multiple Choice (Single Answer)

What is the 'self-reinforcing mechanism' of wealth inequality?

  1. The tendency for wealth to beget more wealth.
  2. The tendency for wealth to be lost over time.
  3. The tendency for wealth to be distributed equally across society.
  4. The tendency for wealth to be concentrated in the hands of a few individuals.
Question 9 Multiple Choice (Single Answer)

What is the 'Kuznets curve'?

  1. A graph that shows the relationship between economic growth and income inequality.
  2. A graph that shows the relationship between economic growth and wealth inequality.
  3. A graph that shows the relationship between economic growth and the wealth-to-income ratio.
  4. A graph that shows the relationship between economic growth and the Gini coefficient.
Question 10 Multiple Choice (Single Answer)

What is the 'Great Gatsby curve'?

  1. A graph that shows the relationship between economic growth and income inequality.
  2. A graph that shows the relationship between economic growth and wealth inequality.
  3. A graph that shows the relationship between economic growth and the wealth-to-income ratio.
  4. A graph that shows the relationship between economic growth and the Gini coefficient.
Question 11 Multiple Choice (Single Answer)

What is the 'Piketty-Saez inequality index'?

  1. A measure of wealth inequality that is based on the wealth-to-income ratio.
  2. A measure of wealth inequality that is based on the Gini coefficient.
  3. A measure of wealth inequality that is based on the share of wealth held by the top 1%.
  4. A measure of wealth inequality that is based on the share of wealth held by the bottom 50%.
Question 12 Multiple Choice (Single Answer)

What is the 'Gini coefficient'?

  1. A measure of income inequality.
  2. A measure of wealth inequality.
  3. A measure of the wealth-to-income ratio.
  4. A measure of the share of wealth held by the top 1%.
Question 13 Multiple Choice (Single Answer)

What is the 'share of wealth held by the top 1%'?

  1. A measure of income inequality.
  2. A measure of wealth inequality.
  3. A measure of the wealth-to-income ratio.
  4. A measure of the Gini coefficient.
Question 14 Multiple Choice (Single Answer)

What is the 'share of wealth held by the bottom 50%'?

  1. A measure of income inequality.
  2. A measure of wealth inequality.
  3. A measure of the wealth-to-income ratio.
  4. A measure of the Gini coefficient.
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