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1.1 Economic methodology and the economic problem

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Question 46

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

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

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

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

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

1.1 Economic methodology and the economic problem Questions

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