Saudi Arabia’s economic structure could alter in the years ahead. Its central bank is now dealing with a larger number of private-sector banks. In 2020, the population’s average age was 31.8, only a little above the world average of 31.2. In that year, plans were announced for a city in which cars would neither be needed nor permitted. A project like this could make Saudi Arabia more appealing to younger migrants.
(a)[2]
Identify two kinds of economic system.
(b)[4]
Explain two functions of a central bank.
(c)[6]
Analyse the advantages for a country of having a young population.
(d)[8]
Discuss whether a ban on cars in a city will help 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” …