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Inequality

Question 1

The gap between rich and poor appears to be increasing in many societies, including the UK.

  1. Using diagrams evaluate the likely impact of an increase in the level of the national minimum wage.

  2. Apart from a national minimum wage, analyse the impact of other methods of reducing inequality in a modern economy.

  3. What are the likely effects on equity of increases in:

  1. The value of property

  2. The progressiveness of income tax

  3. The level of unemployment

 


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