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AP Microeconomics Pol 5 B Explain Sources of Income and Wealth Inequality Questions

Explain how progressive or regressive taxes and access to education shape income distribution, using tax-rate and spending data to judge who bears the burden.

Syllabus
Effective Fall 2022
Course
AP Microeconomics

Exam points

  • identify a progressive tax when marginal or average tax rates rise as income increases
  • identify a sales or excise tax as regressive when it takes a larger income share from lower earners
  • calculate and compare average tax rates with the marginal rate on an income increase
  • predict how progressive versus regressive tax structures change measured income inequality
  • explain how broader access to education or job training can reduce future income inequality

AP Microeconomics Pol 5 B Explain Sources of Income and Wealth Inequality Questions question 1

[Maximum number: 1]

Which of the following is most likely to cause an increase in income inequality in a country?

A

Increasing access to financial markets for people in low-income groups

B

Providing subsidized job training to people in low-income groups

C

Providing free higher education to people in low-income groups

D

Implementing a progressive income tax structure

E

Implementing a regressive income tax structure

Table for Question AP Microeconomics Pol 5 B Explain Sources of Income and Wealth Inequality Questions question 1 — AP Microeconomics
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