CAPE Economics Unit 1 · 2016 · Paper 2 · Question 6(a)(ii)
Define the term 'poverty'.
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- 6(a)(i)Define the term 'income inequality'.[2 marks]
- 6(b)(i)Outline THREE factors that could contribute to poverty.[6 marks]
- 6(b)(ii)Critique the human development index (HDI) as a measure of poverty.[3 marks]
- 6(c)Justify, with the aid of diagrams, why a legal minimum wage will alleviate poverty in a monopsonic labour market but not in a perfectly competitive labour…[12 marks]
More practice: the rest of this paper · more Income Inequality, Poverty and Poverty Alleviation questions · all CAPE Economics Unit 1 past papers