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4.2.2 Inequality

Why is wealth usually distributed more unequally than income?

A

Wealth is measured before tax, while income is measured after tax.

B

Income is received only by households with no savings.

C

Assets accumulate over time and can be inherited, concentrating wealth.

D

All households earn the same income but own different currencies.

4.2.2 Inequality Flashcards

  1. A Level
  2. /Economics
  3. /4.2.2 Inequality

Flashcards for Edexcel A A Level Economics 4.2.2 Inequality, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 22 cards, matched to the Edexcel A A Level Economics (9EC0) specification.