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

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Question 13

The table below shows the wealth distribution for an economy in 2016 and 2021.

Percentage of wealth owned by2016 (%)2021 (%)
Most wealthy 1%2621
Most wealthy 5%4236
Most wealthy 10%5549
Most wealthy 25%7569
Most wealthy 50%9488

Between 2016 and 2021, it may be concluded that

there has been an increase in the level of income inequality.

there has been a reduction in the inequality of wealth.

the absolute wealth of the poorest 50% of the population has increased.

the government has successfully eliminated relative poverty.

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)