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3.3.2 Calculate income and wealth

Card 1 of 27

How is disposable income calculated from household income?

A

Subtract direct taxes and add state benefits.

B

£33,480.

C

The richest fifth had 5.6 times the poorest fifth's disposable income.

D

Its debts exceed its assets.

Card 1 of 27

3.3.2 Calculate income and wealth Flashcards

  1. GCSE
  2. /Economics
  3. /3.3.2 Calculate income and wealth

27 flashcards on OCR GCSE Economics 3.3.2 Calculate income and wealth: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards