CAIE AS Economics - Paper 2
List of CIE (9708) past exam essay questions on the difference between income and wealth, measure inequality with the Gini coefficient, and examine policies to correct them.
b) Assess the extent to which either setting a minimum wage or using transfer payments is the better way to reduce income inequality in an economy.
a) Explain two economic reasons for inequality in the distribution of income and wealth and consider why inequality in the distribution of wealth cannot easily be measured. [8]
b) Assess which policies are likely to be most effective in redistributing income. [12]
a) Explain how the Gini coefficient is used to measure income inequality and consider the relative strength of two economic reasons suggested for such inequality in a low-income country. [8]
b) Assess the extent to which government policies to redistribute income and wealth are likely to be successful. [12]
a) Explain the possible economic reasons for inequality of income and consider whether inequality of income can benefit an economy. [8]
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