CAPE Economics Unit 1 · 2005 · Paper 2 · Question 5(e)
Explain how the unequal distribution of income affects the standard of living of the citizens in a country.
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- 5(a)(i)Explain the meaning of 'Functional distribution of income'.[2 marks]
- 5(a)(ii)Explain the meaning of 'Inequality'.[2 marks]
- 5(a)(iii)Explain the meaning of 'Gini co-efficient'.[2 marks]
- 5(a)(iv)Explain the meaning of 'Lorenz curve'.[2 marks]
- 5(b)(i)State the range of values of the Gini co-efficient.[3 marks]
- 5(b)(ii)Explain what the values of the Gini co-efficient indicate about the equal OR unequal distribution of income.[6 marks]
- 5(c)(i)List THREE measures that government can take to achieve an equal distribution of income.[3 marks]
- 5(c)(ii)Explain how EACH of the measures listed in (c)(i) is used to achieve the goal of income equity.[9 marks]
- 5(d)(i)Define the term 'poverty'.[3 marks]
- 5(d)(ii)Explain the difference between absolute poverty and relative poverty.[6 marks]
- 5(f)Discuss the role of education in the elimination of poverty.[6 marks]
More practice: the rest of this paper · more Income Inequality, Poverty and Poverty Alleviation questions · all CAPE Economics Unit 1 past papers