Causes of Inequality and Poverty (Edexcel A-Level Economics A): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What type of economic measure is income?
What type of economic measure is income?
A flow received over time
What % of UK wealth did the top 10% of households own during 2018-20?
What % of UK wealth did the top 10% of households own during 2018-20?
43%
What was the UK's Gini coefficient for total wealth in 2020?
What was the UK's Gini coefficient for total wealth in 2020?
60%
By what % do UK female workers earn less than males on average?
By what % do UK female workers earn less than males on average?
14.3%
What is the main characteristic of direct taxes like income tax?
What is the main characteristic of direct taxes like income tax?
They are progressive
What happens when govt shifts balance from direct to indirect taxes?
What happens when govt shifts balance from direct to indirect taxes?
Inequality increases
How did the UK Gini coefficient change from 2020 to 2021 according to the ONS?
How did the UK Gini coefficient change from 2020 to 2021 according to the ONS?
Fell from 35.4% to 34.4%
According to Kuznets hypothesis, when is inequality highest?
According to Kuznets hypothesis, when is inequality highest?
Middle development stage
What are the 3 sectors in developing country labour markets?
What are the 3 sectors in developing country labour markets?
Rural, urban informal, urban formal
In the progressive tax example, how much tax is paid on £2,000 income?
In the progressive tax example, how much tax is paid on £2,000 income?
£300