A government proposes a policy that would transfer £400 million of annual income from the richest group of households to the poorest group. The table shows each group's population and total annual income before the transfer.
| Income group | Population | Total annual income before transfer |
|---|---|---|
| Richest group | 80,000 people | £4.8 billion |
| Poorest group | 200,000 people | £1.2 billion |
Calculate the ratio of the average annual income per person in the richest group to the average annual income per person in the poorest group after the transfer. Give your answer to 1 decimal place.
189 exam-style questions on AQA GCSE Economics 2.2 Government objectives, covering 2.2.1a The main economic objectives, 2.2.1b Conflicts between government objectives, 2.2.1c Other objectives and ethical considerations, 2.2.2a The significance of economic growth, 2.2.2b Causes, costs, benefits and policies for growth, 2.2.2c GDP measures and calculations, 2.2.3a Measuring employment and unemployment, 2.2.3b Types and causes of unemployment, 2.2.3c Consequences and policies for unemployment, 2.2.4a What inflation is, 2.2.4b Measuring inflation with the CPI, 2.2.4c Causes, consequences and control of inflation, 2.2.5a Balance of trade and balance of payments, 2.2.5b Current account surpluses and deficits, 2.2.5c Policies to influence the balance of payments, 2.2.6a Income and wealth inequality in the UK, 2.2.6b Causes and consequences of inequality, and 2.2.6c Redistributing income and wealth. Each one has a worked solution and a mark scheme showing where the marks go.