Countries in South East Asia have some of the highest income inequality in the world. Which policy could be adopted by governments in South East Asia to reduce income inequality in the short run?
A.
Increase the general sales tax/VAT rate on luxury goods.
B.
Introduce a minimum wage.
C.
Invest heavily in schools and education programmes.
D.
Stimulate economic growth through skills and productivity training.
Exam No：9708_w24_qp_32 Year：2024 Question No：15
Answer:
B
Knowledge points:
3.3.1 difference between income as a flow concept and wealth as a stock concept
3.3.2.1 Gini coefficient (calculation not required)
Solution:
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