Optional25 marks
Case study · The energy market
Evaluate the microeconomic and macroeconomic factors that explain gender-based wage differences in the UK oil and gas industry.
Specification point 4.2.2 · Theme 4
Inequality
Poverty and inequality · A global perspective
Questions tagged to this specification point
12 questions
Essay questions
Long-form evaluation and discussion
Optional25 marks
Case study · The UK economy
Evaluate microeconomic and macroeconomic policies that could be used to reduce inequality in the UK.
Optional25 marks
ContextIn terms of income distribution and wealth distribution Brazil is one of the most unequal countries in the world. Its income Gini coefficient is 0.449 and it is ranked number 2 in the world for its wealth inequality.
Evaluate possible economic causes of income and wealth inequalities within a country such as Brazil.
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Data-response questions
Questions built around exam extracts
5 marks
Case study · UK Government spending and inequality
Using a Lorenz curve diagram, explain how income inequality is measured using the Gini coefficient. Refer to Extract A in your answer.
Diagram needed. Open the original question paper for the diagram
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8 marks
Case study · UK Government spending and inequality
With reference to Figure 1 and Extract A, examine two likely causes of income inequality within the UK.
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8 marks
Case study · Markets for food and drinks high in fat, salt or sugar (HFSS)
Apart from changes in indirect taxes and subsidies, examine two causes of income inequality within a developed economy such as the UK.
10 marks
Case study · Globalisation and Inequality
Assess the view that ‘some level of inequality is desirable to maintain an appropriate incentive structure in the economy’ (Extract B, lines 19 and 20).
Short-answer questions
Focused calculations, explanations and diagrams
2 marks
ContextAccording to the charity Oxfam, the combined wealth of the 62 richest people in the world is the same as the wealth of the poorest half of the world’s population. The value of the combined wealth of the poorest half of the world’s population has fallen by 38% between 2010 and 2016.
Explain the distinction between income and wealth.
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2 marks
ContextAccording to the charity Oxfam, the combined wealth of the 62 richest people in the world is the same as the wealth of the poorest half of the world’s population. The value of the combined wealth of the poorest half of the world’s population has fallen by 38% between 2010 and 2016.
Explain one likely reason why global wealth inequality has increased.
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4 marks
ContextThe chart below shows the UK Gini coefficient of incomes, 2007 to …
Explain one likely reason for the change in UK income inequality since 2007.
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Multiple-choice questions
Quick checks of economic understanding
A-level Paper 2, June 2019, Q5(c)Multiple choice
1 mark
ContextAccording to the charity Oxfam, the combined wealth of the 62 richest people in the world is the same as the wealth of the poorest half of the world’s population. The value of the combined wealth of the poorest half of the world’s population has fallen by 38% between 2010 and 2016.
Which one of the following would be most likely to reduce a country’s Gini coefficient? An increase in:
Aimport tariffs
Bprogressive taxes
Cregressive taxes
Dvalue added tax
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A-level Paper 2, June 2017, Q4(b)Multiple choice
1 mark
ContextThe chart below shows the UK Gini coefficient of incomes, 2007 to …
Which one of the following values for the Gini coefficient is correct if there is perfect income equality?
A0
B0.5
C1
D50:50
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Question text © Pearson Edexcel, quoted for students' private study. Open the official papers and mark schemes from the links on each question.