Quelpr

Other parts of this question

  1. 5(a)(i)Explain the meaning of 'Functional distribution of income'.[2 marks]
  2. 5(a)(ii)Explain the meaning of 'Inequality'.[2 marks]
  3. 5(a)(iii)Explain the meaning of 'Gini co-efficient'.[2 marks]
  4. 5(a)(iv)Explain the meaning of 'Lorenz curve'.[2 marks]
  5. 5(b)(i)State the range of values of the Gini co-efficient.[3 marks]
  6. 5(b)(ii)Explain what the values of the Gini co-efficient indicate about the equal OR unequal distribution of income.[6 marks]
  7. 5(c)(i)List THREE measures that government can take to achieve an equal distribution of income.[3 marks]
  8. 5(c)(ii)Explain how EACH of the measures listed in (c)(i) is used to achieve the goal of income equity.[9 marks]
  9. 5(d)(i)Define the term 'poverty'.[3 marks]
  10. 5(d)(ii)Explain the difference between absolute poverty and relative poverty.[6 marks]
  11. 5(e)Explain how the unequal distribution of income affects the standard of living of the citizens in a country.[6 marks]

More practice: the rest of this paper · more Income Inequality, Poverty and Poverty Alleviation questions · all CAPE Economics Unit 1 past papers