Measures of development

Using the data from Extract A, calculate to two decimal places the UK GDP per capita for 2017. You are advised to show your working.

Sector
Average hourly wage

Figure 1 shows the average hourly wage for different sectors of the UK economy in 2021.

Calculate the median hourly wage for the service sector only. You are advised to show your workings.

Using the data in Extract D, calculate the difference in the percentage change in labour productivity for the UK and Denmark between 2015 and 2018. You are advised to show your working.

Analyse two factors influencing labour productivity in either Denmark or the UK.

Discuss the likely impact of low productivity on economic growth in the UK between 2015 and 2018.

Assess the usefulness of the GINI coefficient as a measure of absolute and relative poverty.

The UK has a legal minimum wage. Denmark has no legal minimum wage.

Assess the impact of a minimum wage on income inequality.

With reference to Extract B and using a suitable diagram, assess the likely economic impact of the level of investment in Denmark.

Discuss the usefulness of GDP as an indicator of growth.

Assess the impact of exchange rate changes on economic growth for a country.

Using a suitable diagram, assess the use of fiscal policy to stimulate economic growth.

Evaluate the extent of the trade-off between economic growth and negative externalities.

Using the data from Extract C, calculate, to two decimal places, the mean rate of unemployment in Scotland between 2008 and 2018.

In August 2018, the seasonally adjusted claimant count for Scotland was 2.7%.

With reference to Extract C, explain one reason why the claimant count may be different to the International Labour Organisation (ILO) measure of unemployment in Scotland.

Explain one external cost caused by mass tourism to the city of Edinburgh.

With reference to Extract B, analyse the impact of the tourism industry on two components of aggregate demand (AD) in Scotland.

Discuss the likely impact of the Transient Visitor Levy (TVL) on tourism in Edinburgh.

With reference to Extract D, assess the likely impact of foreign-owned firms on the circular flow of income in Scotland.

Assess the likely impact of the falling rate of unemployment between 2010–2018 on firms in Scotland.

GDP per capita in Scotland increased from £23 720 in 2008 to £29 800 in 2018.

Assess whether this increase in GDP per capita is likely to improve living standards for everyone in Scotland.

Using Extract A, discuss the use of HDI as an indicator of growth.

Assess the importance of transport and communication to the increase in globalisation over the last 50 years.

Assess the impact of demographic change on the global labour force.

Evaluate the implications of the growing economic power of emerging markets for individuals and firms.

Using Extract D, evaluate the effectiveness of GDP per capita in comparing living standards between countries.