Practise distinguishing income flows from wealth stocks, interpreting Gini evidence, explaining inequality and evaluating progressive taxes, transfers and labour-market policies.
The table shows the income and wealth of Yasmin.
What is the value of Yasmin's wealth?
$ 41000
$ 43000
$ 44000
$ 45000
The income Gini coefficient of a country changes from 0.29 to 0.33 over time.
What might explain this change?
an increase in food and energy subsidies
an increase in structural unemployment
an increase in the national minimum wage
an increase in the top rate of income tax
Which tax is levied on a stock of wealth rather than a flow of income?
company profits tax
goods and services (expenditure) tax
individual direct tax
personal asset tax