3 marksIncome Inequality, Poverty and Poverty Alleviation

CAPE Economics Unit 1 · 2013 · Paper 2 · Question 6(a)

Income distribution and poverty.

Differentiate between 'functional distribution of income' and 'size distribution of income'.

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Other parts of this question

6(b)Explain what is meant by the term 'income inequality'.[3 marks]
6(c)(i)Outline how the basic needs approach is used to measure poverty.[5 marks]
6(c)(ii)Outline how the poverty line approach is used to measure poverty.[5 marks]
6(d)(i)Draw a diagram of the Lorenz curve and use it to explain how income inequality is measured.[6 marks]
6(d)(ii)Explain how the Gini coefficient is calculated from the Lorenz curve.[3 marks]

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