Note AcademyNote Academy
Start

Economics (AS & A Level) · Feb / March 2023 · Paper 12 · Question 14

9708Addressing income and wealth inequality

The table shows Gini coefficients for both income and wealth in two countries. Which statement is correct?

  1. AGini coefficients are not comparable between income and wealth because one is a flow concept and the other is a stock concept.
  2. BIncome inequality is greater in country P than in country Q.
  3. CWealth inequality is greater in country P than in country Q.
  4. DWealth inequality is greater than income inequality in both countries.

As printed in the paper

Show the answer

Correct answer: B. Income inequality is greater in country P than in country Q.

Sit this whole paper →More on Addressing income and wealth inequality

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.