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Question 18N.3.HL.TZ0.3k

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Date November 2018 Marks available [Maximum mark: 2] Reference code 18N.3.HL.TZ0.3k
Level HL Paper 3 Time zone TZ0
Command term Draw, Label Question number k Adapted from N/A
k.
[Maximum mark: 2]
18N.3.HL.TZ0.3k

Figure 4 represents the circular flow of income in Country A, with values in billions of dollars ($).

Figure 4

The government of Country A decides to increase the level of taxation to $34 billion.

Table 3 provides information on the rates of direct tax in Country A.

Table 3

Table 4 provides information on the household distribution of income in Country A.

Table 4

(k)

Draw and label the Lorenz curve diagram for Country A on Figure 5.

[2]

Markscheme

Award [1] for an accurate Lorenz curve.

OR

Award [1] for a Lorenz curve which is inaccurate but which goes from (0,0) to (100,100) and which lies below the line of perfect equality AND axes labelled accurately.

Award [2] for an accurate Lorenz curve with axes correctly labelled.

NB The term “cumulative” is not necessary for labelling of axes.

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