In recent years, labour mobility, the number of women in the labour force and GDP have all increased in Bangladesh. In 2019, Bangladesh’s central bank approved three additional commercial banks. In that year, women on average earned $77\%$ of men’s pay in Bangladesh. The country’s economy recorded the world’s seventh highest economic growth rate, with GDP rising by $7.4\%$.
(a)[2]
Identify two factors that affect labour mobility.
(b)[4]
Explain two advantages that consumers may receive from having more commercial banks.
(c)[6]
Analyse why women may earn less than men.
(d)[8]
Discuss whether people living in high GDP countries enjoy better living standards than those in low GDP countries.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “workers’ age” …