3.4 Economics of inequality and poverty

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

Using a Lorenz curve diagram, explain the possible impact on the distribution of income in the Philippines when “the income tax for the highest income earners has been raised from 30 % to 35 %” (paragraph [4]).

Explain how the Lorenz curve and the Gini coefficient are used to measure differences in income inequality between countries.

Using a Lorenz curve diagram, explain the likely impact on income distribution of “plans to encourage investment in rural areas”  (paragraph [5]).

Using a Lorenz curve diagram, explain what is meant by an “increase in income inequality from 2015 to 2019” (paragraph [6]).

Using a Lorenz curve, explain how a progressive tax system could change Vanuatu’s income distribution (paragraph [7]).

Using a Lorenz curve diagram, explain what happened to the distribution of income in Bangladesh between 2010 and 2019 (Table 2).

Sketch a Lorenz curve diagram to show the change in Tanzania’s Gini coefficient from 2008 to 2018 (Table 2).

Using the income distribution information in Table 5, construct a fully labelled Lorenz curve diagram for Turkey in 2017.

Using a Lorenz curve diagram, explain the possible impact on the distribution of income in the Philippines when “the income tax for the highest income earners has been raised from 30 % to 35 %” (paragraph [4]).

Using a Lorenz curve diagram, explain the possible impact on the distribution of income in the Philippines when “the income tax for the highest income earners has been raised from 30 % to 35 %” (paragraph [4]).

Explain how the Lorenz curve and the Gini coefficient are used to measure differences in income inequality between countries.

Explain how the Lorenz curve and the Gini coefficient are used to measure differences in income inequality between countries.

Using a Lorenz curve diagram, explain the likely impact on income distribution of “plans to encourage investment in rural areas”  (paragraph [5]).

Using a Lorenz curve diagram, explain the likely impact on income distribution of “plans to encourage investment in rural areas”  (paragraph [5]).

Using a Lorenz curve diagram, explain what is meant by an “increase in income inequality from 2015 to 2019” (paragraph [6]).

Using a Lorenz curve diagram, explain what is meant by an “increase in income inequality from 2015 to 2019” (paragraph [6]).

Using a Lorenz curve, explain how a progressive tax system could change Vanuatu’s income distribution (paragraph [7]).

Using a Lorenz curve, explain how a progressive tax system could change Vanuatu’s income distribution (paragraph [7]).

Using a Lorenz curve diagram, explain what happened to the distribution of income in Bangladesh between 2010 and 2019 (Table 2).

Using a Lorenz curve diagram, explain what happened to the distribution of income in Bangladesh between 2010 and 2019 (Table 2).

Sketch a Lorenz curve diagram to show the change in Tanzania’s Gini coefficient from 2008 to 2018 (Table 2).

Sketch a Lorenz curve diagram to show the change in Tanzania’s Gini coefficient from 2008 to 2018 (Table 2).

Using the income distribution information in Table 5, construct a fully labelled Lorenz curve diagram for Turkey in 2017.

Using the income distribution information in Table 5, construct a fully labelled Lorenz curve diagram for Turkey in 2017.

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

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

Define the term absolute poverty indicated in bold in the text (paragraph [2]).

Define the term relative poverty indicated in bold in the text (paragraph [2]).

Define the term absolute poverty indicated in bold in the text (paragraph [2]).

Define the term absolute poverty indicated in bold in the text (Text A, paragraph [1]).

Define the term relative poverty indicated in bold in the text (paragraph [2]).

Define the term relative poverty indicated in bold in the text (paragraph [2]).

Define the term absolute poverty indicated in bold in the text (paragraph [2]).

Define the term absolute poverty indicated in bold in the text (paragraph [2]).

Define the term absolute poverty indicated in bold in the text (Text A, paragraph [1]).

Define the term absolute poverty indicated in bold in the text (Text A, paragraph [1]).

Define the term absolute poverty indicated in bold in the text (paragraph [2]).

Define the term absolute poverty indicated in bold in the text (paragraph [2]).

Define the term human capital indicated in bold in the text (paragraph [7]).

Define the term human capital indicated in bold in the text (paragraph [5]).

Define the term human capital indicated in bold in the text (paragraph [7]).

Define the term human capital indicated in bold in the text (paragraph [7]).

Define the term human capital indicated in bold in the text (paragraph [5]).

Define the term human capital indicated in bold in the text (paragraph [5]).

Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.

Calculate the average tax rate for an individual who earns $64 000 per year.

Fred is a low-wage worker in Fairland. As a result of the minimum wage his income will increase from $15 000 per year to $19 000 per year.

Calculate how much additional income tax Fred will need to pay.

Discuss the view that taxation is the most effective means of achieving equity in the distribution of income.

Evaluate the view that progressive income tax is the best way to increase equity in an economy.

Using Table 4, identify the marginal tax rate for Rufus.

Using Table 4, calculate the average tax rate for Sammy.

Calculate the amount of VAT which was paid on the purchase of this equipment.

Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of Burundi to reduce income inequality in Burundi.

Using information from Table 4, calculate the additional income tax Beycan would pay if the Turkish government decided to increase the marginal tax rate for incomes over TL600 001 to 55$$%, as it has been in Austria since 2016.

Fred is a low-wage worker in Fairland. As a result of the minimum wage his income will increase from $15 000 per year to $19 000 per year.

Calculate how much additional income tax Fred will need to pay.

Fred is a low-wage worker in Fairland. As a result of the minimum wage his income will increase from $15 000 per year to $19 000 per year.

Calculate how much additional income tax Fred will need to pay.

Discuss the view that taxation is the most effective means of achieving equity in the distribution of income.

Discuss the view that taxation is the most effective means of achieving equity in the distribution of income.

Evaluate the view that progressive income tax is the best way to increase equity in an economy.

Evaluate the view that progressive income tax is the best way to increase equity in an economy.

Using Table 4, identify the marginal tax rate for Rufus.

Using Table 4, calculate the average tax rate for Sammy.

Using Table 4, identify the marginal tax rate for Rufus.

Using Table 4, calculate the average tax rate for Sammy.

Calculate the amount of VAT which was paid on the purchase of this equipment.

Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of Burundi to reduce income inequality in Burundi.

Calculate the amount of VAT which was paid on the purchase of this equipment.

Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of Burundi to reduce income inequality in Burundi.

Using information from Table 4, calculate the additional income tax Beycan would pay if the Turkish government decided to increase the marginal tax rate for incomes over TL600 001 to 55$$%, as it has been in Austria since 2016.

Using the text/data provided and your knowledge of economics, recommend a policy that the government of Turkey could introduce to reduce income inequality.

Using information from Table 4, calculate the additional income tax Beycan would pay if the Turkish government decided to increase the marginal tax rate for incomes over TL600 001 to 55$$%, as it has been in Austria since 2016.

Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.

Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.

Calculate the average tax rate for an individual who earns $64 000 per year.

Calculate the average tax rate for an individual who earns $64 000 per year.

Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.

Explain how government spending might promote greater equity in an economy.

Evaluate the view that government policies to promote greater equity will always have a negative effect on efficiency.

Discuss the view that taxation is the most effective means of achieving equity in the distribution of income.

Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of Burundi to reduce income inequality in Burundi.

Discuss the view that taxation is the most effective means of achieving equity in the distribution of income.

Discuss the view that taxation is the most effective means of achieving equity in the distribution of income.

Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of Burundi to reduce income inequality in Burundi.

Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of Burundi to reduce income inequality in Burundi.

Using the text/data provided and your knowledge of economics, recommend a policy that the government of Turkey could introduce to reduce income inequality.

Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.

Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.

Explain how government spending might promote greater equity in an economy.

Evaluate the view that government policies to promote greater equity will always have a negative effect on efficiency.

Explain how government spending might promote greater equity in an economy.

Evaluate the view that government policies to promote greater equity will always have a negative effect on efficiency.