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1.1 Economic methodology and the economic problem

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Question 25

Based on the data below, which one of the following is a positive statement?

Income Inequality in Country Y (2016–2020)

YearGini Coefficient (0 to 1)
20160.34
20170.36
20180.39
20190.42
20200.45
A

The regional government ought to implement a high-income wealth tax to address the rising Gini coefficient.

B

The Gini coefficient is the most reliable measure for evaluating the fairness of a nation's income distribution.

C

Between 2016 and 2020, the Gini coefficient in Country Y increased by more than 30%.

D

A Gini coefficient of 0.45 represents an unacceptable concentration of income among the top earners.

Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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