Paper 3 question on taxation, Lorenz curve, Gini coefficient and government debt
IB Economics Paper 3 includes two compulsory questions. This is a sample Paper 3 question. The time allowed for Paper 3 is 105 minutes, so students should spend 52.5 minutes on each question. This Paper 3 style question is on taxation, Lorenz curve, Gini coefficient and government debt. With many countries struggling with high budget deficits and national debts, it is an increasing challenge to find ways to pay for...