Two households inherit assets and save part of their income over the next 10 years. Neither household has debts, the value of the inherited assets does not change and the savings earn no interest.
| Household | Inherited assets | Saved each year |
|---|---|---|
| A | £60,000 | £2,000 |
| B | £10,000 | £5,000 |
Calculate the difference between the households’ wealth after 10 years and explain how inheritance and saving have affected the difference.
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.