2.2 lorenz curve (class 7 - 2024)

• Economie
• Middelbare school
• havo
• Leerjaar 3

How was your holiday?

Program

1. Short explanation + assignment

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

Test

Final class before the test of chapter 2

Lorenzcurve

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

Assignments

make assignment on page 32 (a tm i) from building block 2.2

c. = the richest 20% has on average 4 times as much income as the poorest 20%

d = how much does the richest 20% own? How much does the poorest 20% own? 
Divide these percentages of the two groups (richest 20%/poorest 20%)

What do you need to know for the test?

- Understand and calculate with primary, transfer and national incomes

- Be able to calculate and explain the national income (total primary income in a country) and the Gross Domestic Product (GDP)

- Understand and exlain what is meant with the HDI (Human Development Index)

- Understand and exlain what is meant with the factors of production (labour/capital/nature/entrepreneurship)  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

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