Chapter 9: Global Stratification

Question 1

How much of the income does the richest 20% of the Canadian population and the global population earn?

Answer 1

41% of national income

67% of global income

Question 2

How much income does the poorest 20% of the Canadian population and the global population earn?

Answer 2

7% of national income

2% of global income

Question 3

How much wealth does the richest 20% and 1% of the world’s adults own?

Answer 3

richest 20% own 96% of wealth

richest 1% own 50% of wealth

Question 4

How much wealth does the poorest half of the world’s adults own?

Answer 4

less than 1%

Question 5

What was the “three worlds” model a product of?

Answer 5

Cold War politics - the capitalist West (First World) faced off against the socialist East (Second World), while other nations (the Third World) was on the sidelines

West wanted to combat communism by helping third-world countries, keeping second-world countries at bay