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

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Question 24

According to data from the Office for National Statistics (ONS), the richest 10% of households in the UK hold approximately 43% of the nation's total wealth. In contrast, the bottom 50% of households hold less than 9% of total wealth. While income inequality is also substantial, with the top 10% of earners receiving around 30% of total income, it is generally less concentrated than household wealth.

Assess the view that the consequences of wealth inequality are more damaging to contemporary UK society than the consequences of income inequality.

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Markscheme

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)

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.

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