Evaluate microeconomic and macroeconomic policies that could be used to reduce inequality in the UK

Edexcel A-Level Economics Paper 3 June 2023 Insert

Evaluate microeconomic and macroeconomic policies that could be used to reduce inequality in the UK. (25 marks)

Plan

• Paragraph 1
  • Argument: one microeconomic policy to reduce inequality is an increase in spending on training schemes
  • Diagram: increase in demand for labour
  • Evaluation: other factors may restrict employment such as substitutability with capital, or geographical mobility of labour
• Paragraph 2
  • Argument: one macroeconomic policy to reduce inequality is a more progressive system of tax and benefits
  • Diagram:
  • Evaluation:

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