Economic Inequality: Differences in Developed and Developing Nations


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What is the appropriate definition of economic inequality?

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1. If a country has a total national income of $600,000,000 and a population of 20000 people, calculate the per capita income.

2. Identify the country that is NOT considered a developed country.

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About This Quiz & Worksheet

Economic inequality as a concept represents the differences in wealth, assets, and income of different countries that are in different stages of economic development. This quiz and worksheet will help you test your understanding of economic inequality in developed and developing nations.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • The definition of economic inequality
  • Developing vs. developed nations' economies
  • The definition of developing and developed countries
  • Characteristics of developing and developed countries

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on economic inequality
  • Critical thinking - apply relevant concepts to examine information about the economies of developed and developing countries
  • Distinguishing differences - compare and contrast topics from the lesson, such as developing versus developing countries

Additional Learning

To learn more about economic inequality, review the accompanying lesson entitled Economic Inequality: Differences in Developed and Developing Nations. This lesson covers the following objectives:

  • Define economic inequality
  • Define developed and developing countries
  • Differentiate between the economies of developed versus developing nations
  • Understand the concept of per capita income and how it helps to define economic inequality