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Question 21N.1.HL.TZ0.4a

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Date November 2021 Marks available [Maximum mark: 10] Reference code 21N.1.HL.TZ0.4a
Level HL Paper 1 Time zone TZ0
Command term Explain Question number a Adapted from N/A
a.
[Maximum mark: 10]
21N.1.HL.TZ0.4a
(a)

Explain how a better trained and educated labour force might affect economic growth.

[10]

Markscheme

Marks should be allocated according to the paper 1 markbands for May 2013 forward, part A.

Answers may include:

  • definition of economic growth, labour (force)
  • AD/AS diagram with LRAS shifting to the right or PPC diagram with the production possibilities curve shifting to the right
  • an explanation of how improved education and training might lead to increasing productivity and hence economic growth
  • examples of countries where improved education and training have possibly affected economic growth.
Examiners report

Some answers were focused on the effect of increased training and education on aggregate demand and could be significantly improved by addressing the more important effects on short-term and long-term aggregate supply.

Syllabus sections