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Economics (AS & A Level) · Oct / Nov 2024 · Paper 32 · Question 15

9708Addressing income and wealth inequality

Countries in South East Asia have some of the highest income inequality in the world. Which policy could be adopted by governments in South East Asia to reduce income inequality in the short run?

  1. AIncrease the general sales tax / VAT rate on luxury goods.
  2. BIntroduce a minimum wage.
  3. CInvest heavily in schools and education programmes.
  4. DStimulate economic growth through skills and productivity training.

As printed in the paper

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Correct answer: B. Introduce a minimum wage.

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