6. The term “Gini coefficient” is used to measure:
a) Economic growth
b) Inflation rate
c) Income inequality
d) Unemployment rate
7. Which of the following is an example of physical capital?
a) Money
b) Skills
c) Machinery
d) Education
8. Poverty line is defined as:
a) The level of income needed to afford basic necessities
b) The level of income needed to afford luxury goods
c) The level of income needed to afford education
d) The level of income needed to afford healthcare
9. Inflation refers to:
a) Increase in prices over time
b) Decrease in prices over time
c) Increase in employment opportunities
d) Decrease in employment opportunities
10. The term “Poverty Alleviation” refers to:
a) Reducing income inequality
b) Reducing unemployment rate
c) Reducing poverty levels
d) Reducing inflation rate
