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Income distribution and welfare

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Question 4

Which of the following describes what is shown by a Lorenz curve?

A

The relationship between the rate of inflation and the level of unemployment in an economy

B

The cumulative percentage of population plotted against the cumulative percentage of total income received

C

The trade-off between the level of government expenditure and private sector investment

D

The relationship between average tax rates and total tax revenue collected by the government

Markscheme

Income distribution and welfare Questions

  1. A Level
  2. /Economics
  3. /Income distribution and welfare

37 exam-style questions on OCR A Level Economics Income distribution and welfare. Each one has a worked solution and a mark scheme showing where the marks go.

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