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

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Question 18

Extract C

Table 1: Growth in real disposable household income by income decile in the United Kingdom, 2005 to 2022

Income DecileReal Disposable Income Growth (%)
1st Decile (Lowest income)12.0%
2nd Decile15.0%
3rd Decile17.0%
4th Decile19.0%
5th Decile22.0%
6th Decile24.0%
7th Decile28.0%
8th Decile32.0%
9th Decile38.0%
10th Decile (Highest income)48.0%

Using the data in Extract C (Table 1), calculate the difference between the mean and median rate of growth in real disposable household income across the ten deciles over the period 2005 to 2022.

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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)