Saudi Arabia’s economic structure could alter in the future. The country’s central bank is working alongside a larger number of private sector banks. In 2020, the average age of the population was 31.8, only a little higher than the world average of 31.2. During that same year, plans were made public for a city in which cars would neither be needed nor permitted. A change like this could make Saudi Arabia more appealing to younger people who might choose to move there.
(a)[2]
Identify two different types of economic system.
(b)[4]
Explain two roles of a central bank.
(c)[6]
Analyse the advantages for a country in having a young population.
(d)[8]
Discuss whether a ban on cars in a city would or would not benefit the city’s households and firms.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Market-based economic system” …