A-LevelEconomicsIncome and Wealth Distribution / InequalityFeb/Mar 2023Paper 1 Q141 Mark
The table shows Gini coefficients for both income and wealth in two countries. [Figure: table with Gini coefficients]
AGini coefficients are not comparable between income and wealth because one is a flow concept and the other is a stock concept.
BIncome inequality is greater in country P than in country Q.
CWealth inequality is greater in country P than in country Q.
DWealth inequality is greater than income inequality in both countries.
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of income and wealth distribution / inequality 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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