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3.3 Fair distribution of income

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Question 5

Kofi keeps two financial records.

  • Record 1: £27,500, the total wages his employer paid him between 1 January and 31 December.
  • Record 2: £41,000, the value of his savings and car on 31 December after subtracting the loan he still owes.

State which record shows Kofi's income and which record shows his wealth.

[2]
Markscheme

3.3 Fair distribution of income Questions

  1. GCSE
  2. /Economics
  3. /3.3 Fair distribution of income

64 exam-style questions on OCR GCSE Economics 3.3 Fair distribution of income, covering 3.3.1 Distribution of income and wealth, 3.3.2 Calculate income and wealth, and 3.3.3 Causes and consequences of income differences. Each one has a worked solution and a mark scheme showing where the marks go.

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