Question:

3 Saudi Arabia’s economic system may change in the future. The country’s central bank is dealing
with more private sector banks. In 2020, the population’s average age of 31.8 was just above the
global average of 31.2. In that year, plans were announced to build a city where no cars would be
needed or allowed. Such a development might encourage more young people to move to Saudi
Arabia.
(a) Identify two types of economic system. [2]
(b) Explain two functions of a central bank. [4]
(c) Analyse the advantages to a country of having a young population. [6]
(d) Discuss whether or not a ban on cars in a city will benefit the city’s households and firms. [8]

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