Income distribution
What Income distribution means in Economics A-Level, as defined for AQA.
Definitions of Income distribution
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Reference: AQA
Altering the distribution of taxation changes income inequality and incentives to work, affecting both aggregate demand and supply dynamics.
Inequalities in the distribution of income, illustrated by a large income gap, as a cause of market failure named by the specification.
A difference between countries that national income ignores, alongside climate and public goods provision.
Topics that use Income distribution
- Fiscal policy (AQA A-Level)
- The meaning of market failure (AQA A-Level)
- Uses of national income data (AQA A-Level)
Related terms
- Aggregate demand and supply
- Aggregate supply
- Allocative efficiency
- Automatic stabilisers
- Budget balance
- Budget deficit
- Budget surplus
- Crowding out
Using Income distribution in the exam
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