O-LevelEconomicsEconomic development2281/13 · Oct/Nov 2023 · Q261 Mark

Which economic consequence is most likely to result from an increasing proportion of the population being over the age of 65?

AGovernment transfer payments will increase.

BMore facilities will be needed to retrain workers.

CThe total savings in the economy will increase.

DThere will be a rise in the economic growth rate.

✓ Correct answer

A: Government transfer payments will increase.

Oracle Prep sorts past-paper questions by topic, so you can drill Economic development and see which topics are most likely to come up next.

Topic: Economic development, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2023 Paper 1 Variant 3, question 26.

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