This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.

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2.2.1 The reason for unequal distribution of income identified in the extract is that capital income disproportionately benefits the wealthy. The text states that "capital is also a key contributor" and that income from "shares and capital gains grew by up to 20%" for the top 5% of the population, representing "nearly half of the income of the country's richest 1%."
2.2.2 The effort made to ensure equitable distribution of income mentioned in the extract is social grants and remittances.
2.2.3 Wealth refers to the total value of all assets owned by an individual or entity, including financial assets (like savings, stocks, bonds) and tangible assets (like property, land, and other valuable possessions), minus any liabilities (debts). It represents an accumulation of resources over time.
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2.2.1 The reason for unequal distribution of income identified in the extract is that capital income disproportionately benefits the wealthy.
This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.