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A-LevelEconomicsThe macroeconomy9708/32 · May/June 2017 · Q151 Mark

The Lorenz curves in the diagram show different distributions of income and of wealth. [Figure 15.1] Income in a country is more equally distributed than wealth. In a period the distribution of income becomes more unequal but the distribution of wealth becomes more equal. Which movement would show the effects of these changes on the distribution of income and wealth within the country?

  1. The Lorenz curves in the diagram show different distributions of income and of wealth. [Figure 15.1] Income in a country is more equally distributed than wealth. In a period the distribution of income becomes more unequal but the distribution of wealth becomes more equal. Which movement would show the effects of these changes on the distribution of income and wealth within the country? distribution of income distribution of wealth A shift from curve 1 to curve 2 shift from curve 4 to curve 3 B shift from curve 2 to curve 1 shift from curve 3 to curve 4 C shift from curve 3 to curve 4 shift from curve 2 to curve 1 D shift from curve 4 to curve 3 shift from curve 1 to curve 2[1]

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Mark scheme

Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.

  1. [1] A

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About this question

Topic
The macroeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source
A-Level Economics, May/June 2017 Paper 3 Variant 2, question 15.

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