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3.3 Fair distribution of income

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Question 12

An individual receives a salary and spends part of it each month.

Monthly salaryMonthly spending
£2,600£2,350
a.

Calculate how much of the salary is not spent over 12 months.

[1]
b.

Explain how the amount calculated in part (a) affects the individual's wealth after 12 months. Assume there are no other changes to the individual's assets or debts.

[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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