A-LevelEconomicsMacroeconomic Aims and PoliciesOct/Nov 2024Paper 1 Q131 Mark
Inequality in an economy can be categorised as either income inequality or wealth inequality. What is most likely to cause greater wealth inequality than income inequality?
Aan increase in indirect taxation
Ban increase in the value of property
Creduction in the minimum wage
Dreduction in the rate of interest paid on savings
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of macroeconomic aims and policies within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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