1. What is economic inequality and what are the three main ways economists measure it?

2. Why is outward appearance an unreliable indicator of someone's actual economic status?

1. What is the federal poverty level and how does the U.S. government use it to measure poverty?

2. What was the federal poverty level for a family of four in 2019 and what was the official poverty rate?

1. What is the Lorenz curve and what does it show about income or wealth distribution in a society?

2. How do income inequality and wealth inequality differ?

3. What does the diagonal line on a Lorenz curve represent and how does distance from it indicate inequality?

1. What is the Gini coefficient and what does a higher number indicate about inequality?

2. What does a Gini coefficient of 0 represent and what would a coefficient of 1 represent?

3. What is a major limitation of the Gini coefficient when comparing countries?

4. How did the Gini coefficient change in the United States between 1979 and 2019 and what does this indicate?

1. Beyond comparing different countries, what are other groups or categories that economists can compare using Lorenz curves and Gini coefficients?

1. How does the marginal product theory explain why inequality increases over time?

2. What are the factors of production and how do they generate income for those who control them?

1. How does a flat tax differ from a progressive tax in terms of the percentage paid by different income levels?

2. What is a regressive tax and why does it represent a larger percentage of income for lower-income earners?

3. How does a progressive tax system apply different tax rates to different portions of income?

1. How does the level of education and specialized skills in a workforce affect wealth generation in a community or region?

1. What is social capital and how can it reduce inequality in a community?

1. How does inheritance affect wealth inequality and what is the U.S. federal government's policy on taxing inherited wealth?

1. How does discrimination affect inequality and what major laws has the U.S. government passed to reduce discrimination?

2. What did Title IX accomplish and how did it expand opportunities beyond sports?

1. What is redlining and how does it contribute to inequality?

2. How does equal access to financial markets affect inequality in a society?

1. What is economic mobility and how does it vary within the United States?

1. What factors give individuals bargaining power in economic and social situations?

2. How do unionization and willingness to work affect a person's bargaining power and compensation?