Extract 1: Eastland growth plan Eastland's population and real GDP are both changing. The government proposes vocational training and improved rail links. Environmental groups are concerned about habitat loss.
| Measure | Period 1 | Period 2 |
|---|---|---|
| Real GDP | £480bn | £504bn |
| Population | 30m | 31.5m |
| Investment | £72bn | £82bn |
Using Extract 1, calculate Eastland's rate of economic growth.
Using Extract 1, calculate GDP per capita in Period 2.
Analyse how vocational training may increase economic growth.
State two determinants of economic growth other than education and training.
Explain one limitation of GDP per capita as a measure of living standards.
Evaluate whether Eastland's growth plan is likely to improve living standards.
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.