A government plans to use net inward migration and later retirement to increase the size of the country's workforce. It claims that this approach will provide lasting economic growth.
The table shows current data and forecasts for ten years later.
| Indicator | Current | Forecast in ten years |
|---|---|---|
| Real GDP index (current year = 100) | 100 | 112 |
| Population | 50.0 million | 55.0 million |
| Size of workforce | 29.0 million | 34.0 million |
| Annual carbon emissions | 180 million tonnes | 194 million tonnes |
| Share of national income received by the lowest-income 40% | 22% | 18% |
Evaluate whether the forecasts support the government's claim.
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.