IB Economics HL 3.4.3 Measuring Inequality Questions
Practise 3.4.3 Measuring inequality in IB Economics HL by reviewing the concepts and applying them to marked questions.
- Syllabus
- First assessment 2022
- Course
- Economics HL
- Level
- HL
Exam points
- Lorenz curve and Gini coefficient measure income distribution
- Diagram: Lorenz curve showing income distribution and changes in distribution
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IB Economics HL 3.4.3 Measuring Inequality Questions question 1
The data in Table 2 refer to Kanyaland, a small, open, developing economy in 2019. All data are in billions of Kanyaland dollars (K$).
Table 2
The Gini coefficient in Kanyaland changed from 0.35 in 2010 to 0.52 in 2020. Outline what this change indicates for the economy.
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