Economics (AS & A Level) · May / June 2022 · Paper 31 · Question 20

What is shown by the Kuznets curve?

1. Athe rise and then fall in the balance of trade deficit following a devaluation
2. Bthe rise and then fall in the economic growth rate as the GDP increases
3. Cthe rise and then fall in inequality as the level of income per head rises
4. Dthe rise and then fall in tax revenue as the tax rate is increased

As printed in the paper