IB Economics HL Lorenz Curve Construction Question Bank

IB Economics HL Lorenz Curve Construction Question Bank
IB Economics guide, first assessment 2022

Review IB Economics HL Lorenz curve construction through cumulative income and population data, axis labels, equality lines and plotted curve accuracy.

How this is tested

  • plot cumulative income and population percentages to draw a Lorenz curve below equality
  • label Lorenz curve axes accurately and include points from 0,0 to 100,100

Question 2(a)(viii)

[Maximum number: 2]

Indonesia is a middle-income country in southeast Asia. Its main agricultural exports are palm oil and coffee, which Malaysia also produces. The maximum amount of each good that Indonesia and Malaysia can produce in one hour is shown in Table 3.

Table 3

Table 3

Using the information in Table 5, construct a labelled Lorenz curve for the year 2000 on Figure 2.

Figure 2

Figure 2