It is projected that India’s working-age population aged between 15 and 64 will grow by 125 million from 2015 to 2025, and then by a further 103 million in the decade after that. Naturally, not every person of working age will have a job or be looking for one. Shifts in population and in the labour force influence how successfully a government can meet its economic aims.
(a)[2]
Identify two government economic aims.
(b)[4]
Explain two reasons why a person may be of working age but not included in the labour force.
(c)[6]
Analyse what may lead to an increase in a country’s labour force.
(d)[8]
Discuss whether an economy would gain from having a younger labour force.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Full employment / very low unemployment” …