Economics B A-Level
Median income
What Median income means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Median income
Check what you remember
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Reference: Pearson Edexcel
The income figure used to define relative poverty, as opposed to the mean, which can be skewed by a small number of very high earners.
Topics that use Median income
- Poverty and inequality (Pearson Edexcel A-Level)
Related terms
- Absolute poverty
- Line of equality
- Lorenz curve
- Purchasing power parity
- Relative poverty
- International poverty line
Using Median income in the exam
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