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Pearson Edexcel IAL Economics 4.3.4.2b Measurements of inequality: • the

Practise interpreting Lorenz curves and Gini coefficient charts to decide whether income distribution is becoming more or less equal.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • interpret a Gini coefficient chart to infer whether income inequality rose or fell
  • link a Lorenz curve moving closer to perfect equality with a lower Gini coefficient
  • use percentage-point changes in Gini data to avoid confusing levels with rates of change

4.3.4.2b - Measurements of inequality: • the Lorenz curve • the Gini coefficient question 1

[Maximum number: 1]

The chart shows the Dominican Republic's Gini coefficient, expressed as a percentage, between 2018 and 2021.

Figure for Question 4.3.4.2b - Measurements of inequality: • the Lorenz curve • the Gini coefficient question 1 — Edexcel A-Level Economics A2

Which one of the following can be deduced from this chart?

A

Between 2018 and 2021 the Lorenz curve shifted closer to the line of perfect equality

B

Between 2018 and 2019 the distribution of income became more unequal

C

Between 2019 and 2020 there was perfect income inequality

D

Between 2020 and 2021 income inequality increased by approximately 1.1\%

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