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4.2 Poverty and inequality

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Question 4

According to official statistics on wealth distribution in a developed economy, the wealthiest 10% of households control approximately 43% of the nation's total wealth, while the bottom 50% collectively own less than 5%. Over the last two decades, this disparity has grown more pronounced.

Explain one likely reason why wealth inequality has increased within a developed nation.

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4.2 Poverty and inequality Questions

  1. A Level
  2. /Economics
  3. /4.2 Poverty and inequality