In recent years, labour mobility, the number of women in the labour force and GDP have all risen in Bangladesh. In 2019, Bangladesh’s central bank authorised three additional commercial banks. In that year, women earned, on average, 77% of men’s pay in Bangladesh. The nation recorded the world’s seventh highest economic growth rate, with GDP increasing by 7.4%.
(a)[2]
Identify two factors that affect labour mobility.
(b)[4]
Explain two advantages that consumers may gain from having more commercial banks.
(c)[6]
Analyse why women may receive lower pay than men.
(d)[8]
Discuss whether people living in countries with a high GDP have higher living standards than those in countries with a low GDP.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Age of the worker” …