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3.1 Economic growth

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Question 3

A programme of infrastructure improvements is expected to affect Calidora's productive capacity. Economists have made the following forecasts for the whole economy.

Current yearNext year
Number of workers8.0 million7.6 million
Annual real output per worker£45,000£48,000

What can be concluded about Calidora's economic growth from the current year to the next year?

[1]
A

Real output will be unchanged, as the two forecast changes cancel each other out.

B

Real output will fall, as the smaller workforce more than offsets higher output per worker.

C

Real output will rise, as higher output per worker more than offsets the smaller workforce.

D

The change in real output cannot be determined from workforce and output-per-worker data.

Markscheme

3.1 Economic growth Questions

  1. GCSE
  2. /Economics
  3. /3.1 Economic growth

78 exam-style questions on OCR GCSE Economics 3.1 Economic growth, covering 3.1.1 What is economic growth, 3.1.2 Calculate economic growth using GDP, 3.1.3 Explain how growth is measured, 3.1.4 Analyse GDP data, 3.1.5 Determinants of economic growth, and 3.1.6 Costs and benefits of economic growth. Each one has a worked solution and a mark scheme showing where the marks go.

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