Say goodbye to long textbooks! 🥳

Check out my IB Economics Revision Notes and  smash the exams! 👊😎

EVERYTHING you need to know and NOTHING that you don’t – put together by an examiner. 😉🤫

Show me those funky notes

EconDaddy - IB Economics tutor - income distribution

BBC: Guernsey tax allowance to end for high earners

Article published: Oct 4, 2016 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: Macroeconomics (inequality in the distribution of income, redistribution)

The government of Guenrsey decided to make their tax system more progressive. For example, to provide “[r]educed or no allowance for those earning more than £138,000.” Excellent article to talk about the inequality in the distribution of income (showing a Lorenz curve) and about the ways in which the government collects taxes to have more funding for helping “those most in need”. In order to have a more balanced government budget (i.e. more tax reveue), there are also plans for the introduction of higher indirect taxed (on property, sugar, tobacco and alcohol).

Source of image: BBC/Thinkstock

Do you need a little boost with IB Economics?

Looking for more articles?

Click here.

Will you pass the exams?

Fill out the below quiz, and check out how much you know of IB Economics.

I’m taking the micro quiz