China's economic miracle has been built on a seemingly endless supply of affordable labour from a population of 1.4 billion. China's government has a different view from what it says are the alarming statements made by economists. Consider the effects on the economy of the population policies suggested by China's government.

Economics

IGCSE&ALevel

CAIE

Exam No：9708_m25_qp_42 Year：2025 Question No：1(d)

Answer:

Knowledge points:

11.4.1.1 measurement and causes of changes in birth rate, death rate, infant mortality and net migration

11.4.1.2 optimum population

11.4.1.3 level of urbanisation

5.1.1 use of government policy to achieve macroeconomic objectives: price stability, low unemployment, economic growth (policy conflicts and trade-offs are not required)

5.4.2 objectives of supply-side policy: increasing productivity and productive capacity

5.4.3 tools of supply-side policy, for example training, infrastructure development, support for technological improvement

5.4.4 AD/AS analysis of the impact of supply-side policy on the equilibrium national income and the level of real output, the price level and employment

Answer:

Knowledge points:

Solution:

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