Economics (AS & A Level) · May / June 2023 · Paper 31 · Question 16
9708Characteristics of countries at different levels of development
The diagram shows the Lorenz curves for Norway (N) and India (I). What can be concluded from a comparison of the Lorenz curves?
- AIndia is more likely to have lower indirect taxes and a public sector education system than Norway.
- BIndia is more likely to have a progressive income tax system and means tested benefits than Norway.
- CNorway is more likely to have a progressive tax system and public sector pensions than India.
- DNorway is likely to have a higher percentage of tax generated from indirect taxes and privately funded pensions than India.
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Correct answer: C. Norway is more likely to have a progressive tax system and public sector pensions than India.
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