Economics · Oct / Nov 2021 · Paper 22 · Question 5

The US operates a mainly market economic system. Life expectancy in the US fell in 2017, for the third year in a row. Although the US has a high GDP per head, it also has a high level of income inequality. The poor benefited from the US’s low and stable inflation rate. The government’s supply-side policy measures were partly responsible for reducing inflationary pressure.

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