The table below shows the distribution of total household wealth in an economy for the years 2015 and 2023.
| Household Wealth Decile | 2015 Share of Total Wealth (%) | 2023 Share of Total Wealth (%) |
|---|---|---|
| Poorest 20% | 1.2 | 1.8 |
| Second 20% | 4.8 | 5.5 |
| Third 20% | 11.0 | 12.2 |
| Fourth 20% | 23.0 | 24.5 |
| Richest 20% | 60.0 | 56.0 |
Between 2015 and 2023, which of the following is a correct conclusion?
The absolute value of assets owned by the poorest 20% of households must have increased.
There has been a corresponding reduction in the Gini coefficient for disposable income.
The Gini coefficient for wealth has decreased, indicating a more equal distribution of wealth.
Relative poverty in this economy has been successfully eradicated.
76 exam-style questions on AQA A Level Economics 1.7 The distribution of income and wealth: poverty and inequality (A-level only), covering 1.7.1 The distribution of income and wealth, 1.7.2 The problem of poverty, and 1.7.3 Government policies to alleviate poverty and to influence the distribution of income and wealth. Each one has a worked solution and a mark scheme showing where the marks go.