Economics 9708 · AS & A Level · Short-run costs

Short-run costs — practice question

Income inequality may be assessed using the Gini coefficient. Using a scale from 0 to 100, a larger figure indicates a higher level of inequality. The table below presents three Gini coefficient figures for four OECD countries. The first is based on wages, the second includes government welfare payments, and the third includes welfare payments plus government health and education spending. In which country did welfare payments contribute most to income redistribution?

  • A36.8; 25.9; 18.1
  • B40.5; 31.3; 24.8
  • C40.6; 26.1; 22.3
  • D45.3; 37.0; 30.3

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI