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Economics (AS & A Level) · May / June 2024 · Paper 11 · Question 14

9708Economic methodology

Governments in market economies give different reasons for intervening in the operation of an economy. Which reason given is a normative statement?

  1. AAverage incomes have failed to keep pace with price rises during the past year.
  2. BEnergy prices have increased by more than 50% during the past year.
  3. CThe distribution of incomes has become more unfair during the past year.
  4. DThe poorest 10% of households have suffered the greatest fall in average real income during the past year.

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Correct answer: C. The distribution of incomes has become more unfair during the past year.

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