a.Label each part of the diagrams and explain the meaning of the various components

b.What problems are associated with high levels of inequality in a society? Discuss using references from the study material if appropriate.

% of Total Money Income Received

Country A Country B

Fraction of total households

Poorest fifth 3 15

Second fifth 10 15

Third fifth 22 15

Fourth fifth 26 25

Richest fifth 39 30