Economics 2281 · O Level · Living standards

Living standards — practice question

On average, Norwegians work just 27 hours each week. They also enjoy more holidays, and for longer periods, than workers in most other countries. In 2013, Norway recorded the second highest productivity in the world. It was also placed first in the Human Development Index (HDI). In contrast with many other countries, Norway has experienced almost full employment in recent years.
(a)[2]

Define the term ‘productivity’.

(b)[4]

Explain two reasons why productivity might rise.

(c)[6]

Analyse why a country might record a high HDI value.

(d)[8]

Discuss whether a country might gain from full employment.

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