O-LevelEconomicsThe allocation of resources2281/21 · May/June 2024 · Q220 Marks
In recent years, the mobility of labour, the number of women in the labour force and GDP have increased in Bangladesh. In 2019, the central bank of Bangladesh approved three new commercial banks. In that year, women on average earned 77% of the pay of men in Bangladesh. The country's economy experienced the world's seventh highest economic growth rate, with an increase in GDP of 7.4%.
- (a)Identify two influences on the mobility of labour.[2]
- (b)Explain two benefits that consumers may gain from having more commercial banks.[4]
- (c)Analyse why women may be paid less than men.[6]
- (d)Discuss whether or not people living in countries with a high GDP enjoy higher living standards than people in countries with a low GDP.[8]
Mark scheme
Marking points from the official mark scheme (May/June 2024). The mark or mark type is shown in brackets.
- Two from:
- age
- skills / training
- qualifications / level of education
- price / availability of housing
- cost of living / level of income
- family ties
- information on vacancies
- disabilities / access
- quality / cost of transport
- distance to place of work
- discrimination
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