The table gives financial information about two applicants.
| Applicant | Income received during the 12 months to 30 April | Assets owned on 30 April | Debts owed on 30 April |
|---|---|---|---|
| N | £46,000 | £12,000 | £7,500 |
| P | £24,000 | £68,000 | £8,000 |
Explain whether the applicant with the greater income also has the greater wealth. Use the data in your answer.
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.