## Income Inequality

### Gap-fill exercise

Fill in all the missing numbers, then press "Check" to check your answers. Use the "Hint" button to get a free digit if an answer is giving you trouble. Note that you will lose points if you ask for hints or clues!

Watch this video then answer the questions.You will need to understand big numbers. A million is 1000000. Sometimes we use commas to group the 0's in threes to make big numbers easier to read. So one million can be written as 1,000,000. A billion is one thousand million, or 1,000,000,000. A trillion is one thousand billion or 1,000,000,000,000.

The richest 20% of the worlds population own 94% of the wealth.
How much do the poorest 80% own? %

The richest 2% have more wealth than half of the rest of the worlds population. If the world's population is 7 billion, how many is half of this?

The world's total wealth is \$223,000,000,000,000. (\$223 trillion)
The richest 1% have 43% of this wealth.
What is 43% of \$223 trillion? \$

The richest 300 people on earth have the same wealth as the poorest 3,000,000,000. How many times greater is 3 billion than 300?

Rich countries give poor countries \$130 billion in aid each year, but corporations take \$900 billion from poor countries through "trade mis-pricing". How many times greater is the trade mis-pricing figure than the overseas aid figure? (round your answer to the nearest whole number)

Poor countries are paying rich countries \$600 billion each year in debt repayments. How many times bigger than the overseas aid budget is this? (again round to the nearest whole number)

Poor countries lose another \$500 billion due to unfair trade rules. How many times the overseas aid budget is this? (Round your answer to the nearest whole number)

Altogether this makes 2 trillion dollars that flows from the poor to the rich countries.How many times the overseas aid budget is this? (round your answer to the nearest whole number)