The table below shows the wealth distribution for an economy in 2016 and 2021.
| Percentage of wealth owned by | 2016 (%) | 2021 (%) |
|---|---|---|
| Most wealthy 1% | 26 | 21 |
| Most wealthy 5% | 42 | 36 |
| Most wealthy 10% | 55 | 49 |
| Most wealthy 25% | 75 | 69 |
| Most wealthy 50% | 94 | 88 |
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.
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.