CAPE Economics Unit 2 · 2015 · Paper 2 · Question 5(b)
Discuss ONE benefit of economic growth and ONE cost of economic growth.
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- 5(a)(i)Copy Table 3 into your answer booklet and complete it by calculating the percentage of World GDP earned by EACH income group. Round your answers to one decimal…[4 marks]
- 5(a)(ii)List FOUR factors which could explain the inequality in income amongst all groups in the table.[4 marks]
- 5(a)(iii)Identify the income group in which the majority of CARICOM countries fall and state TWO structural peculiarities of CARICOM countries which might justify them…[3 marks]
- 5(a)(iv)Outline THREE implications for CARICOM economies that might result from the structural peculiarities identified in (a)(iii) above.[6 marks]
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