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From course:

Economics A Level (DONEEEEEEE)

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Question:

What will affect the Distribution of Income?

Author: eric_galvao



Answer:

-People will earn Different Wages, perhaps Certain Skills are in more Demanded than Others. So those Workers will gain a Higher Wage -Unwaged People (Unemployed or Pensioners) will have their Income from State Benefits, which is quite Low -Tax and State Benefits. In Britain, there is a Progressive Tax System where Higher Incomes are Taxed at a Higher Percentage of their Earnings over Certain Levels. This is given out as Benefits to the Unemployed or to those with Disabilities (which may be low) -In the UK, those working in the Public Sector will be earning More Per Week than those working in the Private Sector -Regions of the UK also play a part. The Highest Paid Parts in the UK was the South East and London, with the North East and Northern Ireland being in the 2 Lowest Paid Regions


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