Economics 0455 · IGCSE · Differences in economic development between countries
Differences in economic development between countries — practice question
Mali is classed as a developing country. Its Human Development Index (HDI) increased from 0.297 in 2000 to 0.442 in 2016. Most workers in Mali are employed in agriculture, and cotton is the main agricultural crop. However, the country’s largest export is gold. Mali ranks as Africa’s third-largest exporter of gold.
(a)[2]
Identify two components that make up the HDI.
(b)[4]
Explain how the share of a country’s resources allocated to the primary, secondary and tertiary sectors changes as its economy develops.
(c)[6]
Analyse, using a demand and supply diagram, the effect on the market for cotton shirts of a fall in the price of cotton.
(d)[8]
Discuss whether a larger gold mining industry in a country will, or will not, benefit its economy.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Income per person (GDP/GNI)” …