AP®︎ Microeconomics: Topic 6.5 Practice Test
Prepare for your quiz, test, or the AP exam with focused practice questions on Topic 6.5 of AP Microeconomics – Inequality.
Questions List
Topic 6.5
Question 1 Easy
This question tests the following: POL-5.A.2
What is the Lorenz Curve used for?
What You’re Being Tested On:
Explore the learning objectives taken directly from the College Board’s AP® Microeconomics Curriculum. Ensure you’re prepared for the exact topics covered on the AP® exam, in-class tests, and quizzes, and gain confidence in your mastery of the material.
Topic 6.5: Inequality
Learning Objective: POL-5.A
Define measures of economic inequality in income and wealth.
Essential Knowledge: POL-5.A.1
Income levels and poverty rates vary greatly both across and within groups (e.g., age, gender, race) and countries.
Essential Knowledge: POL-5.A.2
The Lorenz curve and Gini coefficient are used to represent the degree of inequality in distributions and to compare distributions across different countries, policies, or time periods. Exclusion: Drawing the Lorenz curve and calculating Gini coefficients are beyond the scope of the course and the AP Exam.
Learning Objective: POL-5.B
Explain sources of income and wealth inequality.
Essential Knowledge: POL-5.B.1
Each factor of production receives the value of its marginal product, which can contribute to income inequality.
Essential Knowledge: POL-5.B.2
Sources of income and wealth inequality include differences in tax structures (progressive and regressive tax structures), human capital, social capital, inheritance, effects of discrimination, access to financial markets, mobility, and bargaining power within economic and social units (firms, labor unions, and families).
