Economics (AS & A Level) · Oct / Nov 2021 · Paper 32 · Question 20
9708Addressing income and wealth inequality
What changes are most likely to reduce the level of income inequality in an economy?
- Aadditional government regulation of product and factor markets
- Bincreased progressive direct taxation and decreased indirect taxation
- Cincreased trade union power and reduced labour market flexibility
- Dreduced welfare benefits and increased rate of interest
As printed in the paper
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Correct answer: B. increased progressive direct taxation and decreased indirect taxation
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