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Economics A-Level > 5.7 Micro > Flashcards

5.7 Micro Flashcards

1
Q

How is income measured?

A

By the flow of earnings of individuals or households

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2
Q

How is wealth measured?

A

By the stock of financial assets

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3
Q

What government policies help the distribution of income and wealth?

A

Progressive tax

Welfare system- JSA and benefits

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4
Q

What are the factors of discrimination?

A 
Age
Gender
Race 
Religion
Sexual Orientation
Disability
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5
Q

What other factors influence the distribution of income and wealth?

A

Inheritance
Income
Marriage

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Economics A-Level (30 decks)

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