IGCSE Economics 0455 May June 2024 Paper 2, Variant 1 – Sample Answers and Examiner Commentary – Question 2

Question:

2 In recent years, the mobility of labour, the number of women in the labour force and GDP have increased in Bangladesh.

In 2019, the central bank of Bangladesh approved three new
commercial banks. In that year, women on average earned 77% of the pay of men in Bangladesh.


The country’s economy experienced the world’s seventh highest economic growth rate, with an
increase in GDP of 7.4%.
(a) Identify two influences on the mobility of labour. [2]
(b) Explain two benefits that consumers may gain from having more commercial banks. [4]
(c) Analyse why women may be paid less than men. [6]
(d) Discuss whether or not people living in countries with a high GDP enjoy higher living standards
than people in countries with a low GDP. [8]

Sample Answers:

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