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Economics (AS & A Level) · Oct / Nov 2021 · Paper 31 · Question 19

9708Economic development

The diagram shows the Kuznets curve. Which statement is correct with respect to the description of an economy and the corresponding letter on the Kuznets curve?

  1. AP is a market economy.
  2. BQ is a developed economy.
  3. CR is a developing economy.
  4. DS is an economy with a Gini coefficient = 0.

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Correct answer: D. S is an economy with a Gini coefficient = 0.

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