Income and wealth inequality

Use the data in Extract D (Figure 2) to calculate the difference between the mean and median rate of growth of working households’ real pre-tax earnings, over the period 1994–2017.

Figure 7 shows the income distribution of a country in Year 1 and Year 2.

From Figure 7, it can be concluded that income distribution has become

Explain the main causes of inequality in the distribution of pre-tax incomes.

Evaluate the view that government intervention to reduce inequality will lead to an improvement in economic welfare.

In an economy, over the last decade, each of the top five decile groups has experienced a fall in their share of total income. In contrast, the bottom five decile groups have experienced a substantial increase in their share of total income.

It can be concluded that, over this period, the distribution of income is most likely to have

All other things being equal, which one of the following would be most likely to result in a reduction in inequality in the distribution of income in the UK? An increase in the

Explain how the Lorenz curve and Gini coefficient may be used to illustrate increasing income inequality in a country.

Assess the view that, in the UK, the consequences of wealth inequality are more damaging than the consequences of income inequality.

Which one of the following values for the Gini coefficient shows the greatest

The information below shows the changes in key economic indicators for a country

Which one of the following can be concluded from the data?