# 2.2 lorenz curve (class 6 - 2024)

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Slide 1: Tekstslide
EconomieMiddelbare schoolhavoLeerjaar 3

In deze les zitten 16 slides, met interactieve quiz, tekstslides en 1 video.

Lesduur is: 45 min

## Onderdelen in deze les

Hi there!

#### Slide 1 -Tekstslide

Program
1. Recap previous class + homework
2. Short explanation + assignment

#### Slide 2 -Tekstslide

Program
After today 1 more class before the test

#### Slide 3 -Tekstslide

Which important factors are not included when calculating the GDP of a country?

#### Slide 5 -Video

Lesson goals
At the end of the class you are:

- able to explain what prosperity means
- Explain what GDP and growth rates stand for
- Know what to do to prepare for the test

Lorenzcurve

#### Slide 7 -Tekstslide

Cumulatief  % inkomen
Cumulatief % huishouden

Horizontal axe shows the cummulative percentage of households

Vertical axe  shows the cumulative percentage of incomes

Lorenzcurve starts always with (0,0) because 0% of the population makes 0% of the income

Lorenzcurve

#### Slide 8 -Tekstslide

Assignments
Discuss and check assignments 2.10 tm 2.15

Homework CHECK

#### Slide 10 -Tekstslide

Building block chapter 2
Income distribution in a nursery  (p. 31)

Income for a nursery come from different categories (wages, rent, profit, etc.)

#### Slide 11 -Tekstslide

Building block chapter 2
If we express a quantity as a percentage of the (national) income --> the outcome is called a ratio

Wage expressed as a percentage of the total primary income of the nursery is called the wage ratio

#### Slide 12 -Tekstslide

Building block chapter 2
Wage ratio = wage : total income x 100%

#### Slide 13 -Tekstslide

Assignments
complete assignment 1 a t/m g from building block 2.1 (p. 31 + 32)

Done? Start preparing for the test

#### Slide 14 -Tekstslide

What do you need to know for the test?
- Understand and calculate with primary, transfer and national incomes
- Understand and exlain what is meant with GDP and the HDI (Human Development Index)
- Understand and exlain what is meant with the factors of production and link these to the right incomes
- Understand and exlain what is meant with income distribution
- Be able to draw a Lorenz curve and explain what is shown with this figure
- Understand and exlain what is meant with prosperity
- Understand and exlain what is meant with growth rates
- Calculate with big numbers

#### Slide 15 -Tekstslide

How to prepare for the test
Learn the theory from the book

Redo/check difficult assignments

Complete the building block assignments

Difficult topics? --> search for an explanation video on youtube

Test is a combination of theory and calculations