IB Economics 3.4.3 Measuring Economic Inequality Flashcards

Flashcards for 3.4.3 Measuring Economic Inequality

These interactive flashcards help IB Economics students Standard Level (SL) and Higher Level (HL) quickly review and memorize the essential definitions, formulas, and terms needed for success in IB Exams.

Each card focuses on 3.4.3 Measuring Economic Inequality and is aligned with the IB Economics syllabus, ensuring focused revision on microeconomics, macroeconomics, and international trade.

Students can test themselves anytime, anywhere, perfect for reinforcing tricky concepts, learning IB terminology, and committing formulas to memory.

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A country's Lorenz curve shifts closer to the diagonal line. Predict the effect on income distribution and the Gini coefficient.

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Income distribution becomes more equal.
The Gini coefficient decreases (moves closer to 0).

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