Lorenz curve - Calculations with percentages and ratios

4 important questions on Lorenz curve - Calculations with percentages and ratios

What is a budget survey?

A survey, done by the CBS, into the spending patterns of consumers

In a shop you always pay the retail price for your goods. What is the retail price?

The retail price is the selling price including VAT

VAT % on goods and services:

21% on most goods and services
   6% on food, drinks, books, newspapers and magazines, medicines,
               hairdressing and bicycle repairmen

               --> except for alcoholic drinks and beverages!
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How do we call the absolute difference between values that are expressed as a percentage?

A percentage point

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