Colombia’s population pyramid is taking on a different shape. However, the way income is distributed in this South American country is not changing much. Colombia has one of the most unequal income distributions in the world. Some Colombians are employed in its footwear industry, which makes shoes, sandals and boots. Even though footwear is produced by private firms, Colombia has a mixed economic system.
(a)[2]
Define the term population pyramid.
(b)[4]
Explain two reasons why income distribution may become more unequal.
(c)[6]
Analyse the factors that affect whether demand for shoes is elastic or inelastic.
(d)[8]
Discuss whether a mixed economic system benefits the people living in that economy.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Population grouped by age” …