Economics · May / June 2024 · Paper 22 · Question 3
2281
As printed in the paper
The question as text
South America is a large geographical area with millions of microeconomic decision-makers. During a recent pandemic, schools stayed closed for longer than anywhere else in the world. As a result, students received less education. The World Bank estimated that the average student would earn $24,000 less over their lifetime. Some students may earn only the minimum wage. In 2020, South America had an inflation rate of 6.3% and an economic growth rate of only 1.8%.
Read automatically from the paper; the printed page above is exact.
Show the answer and mark scheme
3(a)[2]
3(b)[4]
3(c)[6]
3(d)[8]
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.