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1.7 The distribution of income and wealth: poverty and inequality (A-level only)

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Question 21

A government implements a fiscal reform package that abolishes capital gains tax and inheritance tax, while raising the standard rate of Value Added Tax (VAT) and increasing flat-rate public transport fares.

Distinguish between equity and equality and explain the effects of this fiscal reform package on both equity and equality.

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1.7 The distribution of income and wealth: poverty and inequality (A-level only) Questions

  1. A Level
  2. /Economics
  3. /1.7 The distribution of income and wealth: poverty and inequality (A-level only)