CAPE Economics Unit 1 · 2013 · Paper 2 · Question 6(d)(i)
Draw a diagram of the Lorenz curve and use it to explain how income inequality is measured.
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Practise this questionOther parts of this question
- 6(a)Differentiate between 'functional distribution of income' and 'size distribution of income'.[3 marks]
- 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)(ii)Explain how the Gini coefficient is calculated from the Lorenz curve.[3 marks]
More practice: the rest of this paper · more Income Inequality, Poverty and Poverty Alleviation questions · all CAPE Economics Unit 1 past papers