Question:

2 Since 2016, South Korea’s population has declined, due to a falling birth rate, and a high proportion
of its population is now aged over 64. The South Korean government has used tax revenue to give
cash incentives to couples to have more children. However, many parents have chosen to have
fewer children and spend more on each child to ensure they get a good education. South Korea
now has fewer but larger schools.
(a) Identify two benefits people may gain from a good education. [2]
(b) Explain two reasons for a change in the amount of tax revenue a government receives. [4]
(c) Analyse the economies of scale a school may gain from an increase in its size. [6]
(d) Discuss whether or not having a high proportion of a country’s population over the age of 64
is a benefit to its economy. [8]

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