From 2016 onwards, South Korea’s population has been falling because the birth rate has dropped, and a large share of its people are now aged over 64. The South Korean government has used tax revenue to provide cash payments to couples so that they will have more children. Even so, many parents have decided to have fewer children and to spend more on each one so that they receive a good education. South Korea now has fewer schools, but each school is larger.
(a)[2]
Identify two advantages that people may obtain from a good education.
(b)[4]
Explain two reasons why the amount of tax revenue a government receives may change.
(c)[6]
Analyse the economies of scale a school may gain as its size increases.
(d)[8]
Discuss whether or not a high share of a country’s population aged over 64 is an advantage for its economy.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Higher income / improved living standards” …