EC1101 DATA

Question 1

East vs Western Germany

Answer 1

in 1930s living standards similiar. Eastern germany has not achieved the same level of welfare as western Germany

Question 2

North vs South Korea

Answer 2

in 1950s living standards were similar. NorthKorea operates under a more centralized, state-run system while south Korea has become one of the wealthiest countries, operating under a capitalist model

Question 3

world bank or OECD data shows

Answer 3

income inequality supporting theories of economic disparity

Question 4

chinas growth supports

Answer 4

modernization theory

Question 5

global inequality supports

Answer 5

dependency theory

Question 6

The UK government 2025 industrial strategy fouvses on supporting key industries affected by global tariffs

Question 7

whats happening to the automative industry regarding the Uk 2025 industrial strategy?

Answer 7

there is extended hybrid sales till 20235 ehich have smaller manufacturers time to adjust eg: Aston Martin to adjust

Question 8

whats happening to the steel industry regarding the UK 2025 Industrial strategy?

Answer 8

government is considering to nationalise British Steel simyjrope plant to 3000 jobs and looking to improve the industry

Question 9

What happening to the trade industry regarding the Uk 2025 industrial strategy?

Answer 9

they are working on stronger trade deals with the US + EU to decrease impact of tarfiffs and expand trade

Question 10

What is happenig to long term plan regarding the Uk 2025 industry strategy?

Answer 10

government launched a 10 year plan called invest 2035 to boost growth in key sectors,improve regulations and speed big projects`

Question 11

imperial college and warwick college reported AI+ Automation will

Answer 11

78% of fitms adopting the ai and automation reported creation of new jobs

Question 12

Institute for public policy research (PPR) warned

Answer 12

AI will replace 8 million jobs. there is also a £50 mil pilot for growth sector apprenticeships

Question 13

Green Revolution and Agriculture Tech

Answer 13

introduced in 1940s - 1960s high yield crops,fertizilers, irrigation and machinery
Boosts global food production in Asia and Latin America
fall in Famines and increase in Food security
Modern tech eg: GMOs, Ai used to increase yields and fall in labour needs

Question 14

Uk ageing Population 2025

Answer 14

1 in 5 UK residents over 65
fall in economic growth due to fall in workforce
state pension spending projected to increase in £110bn (2023) to older adults that use 3x more NHS resources than young people.
£140bn pressure on healthcare,pesnions and tax revenue

Question 15

UK green Tech Investment 2025

Answer 15

£8.3bn invested in Great British Energy state owned Renewable energry. focusing on non-renewabke energy. solar panels have been plnned 200 in schools 200 NHS sites saving £45k year net zero economy growth.
increase in 10.1% in 2024 adds to £83.1bn in uk economy.
expects to unlock £40bn year in clean energy investment

Question 16

The community led responses cost of lving crisis in Uk 2025

Answer 16

95% of people said the cost of living crisis has impacted them
45% of people have gone without food
things that are having most financial impact includes: Bills,Foods,Care costs and Transport

Question 17

In 2024 regarding Food banks

Answer 17

Trussell distributed over 3 mil across Uk Food

Question 18

Vaccination campaigns

Answer 18

people are more likely to get vaccinated if other do shows power of social norms and postive externalities

Question 19

Covid 19 lockdown

Answer 19

people had to choose between income + safety, reflecting scarcity + resource allocation issues

Question 20

Peer Pressure and recycling

Answer 20

social norms influence actions like recyling demostrating how peer behaviour encourages collective action

Question 21

examples of low profit margins,ever-increasing scale

Answer 21

such as Tesco and Amazon

Question 22

Examples of high profit margins

Answer 22

Apple and luxury brands

Question 23

shopping preferences from covid

Answer 23

consumer prefer online shopping, city centre retail fell in demand, and moved to local high streets and convenience.
An increase in the growth of discount retailers and coffee shops
increases in demand for the hybrid shopping experience.
wilko and Debenhams shut down due to failure to adapt.

Question 24

Netflix

Answer 24

over 230M users globally.
80% views come from personalised recommdations.
tracks viewing behaviour to churn guide. in order to increase retentuon and revenye per user

Question 25

Amazon

Answer 25

real time pricing changes every 10 mins. prices changes by location,prime status,browsing/purchase history prices vary till 20% across users applies price discrimination to match user willingness to pay.

Question 26

Brazil Landownership

Answer 26

history of land inequality small group owns majority of land. Top 1% own 50% rural land. Movement MST emerged to protest land concentration

Question 27

Uk Annouced £5bn 2024 Autumn Budget to address housing crisis and property inequality

Answer 27

£500 mil added to affordable homes programme to build 5000 houses £2bn to build 18,000 social and afforanle housing march 2027 goal is to decrease inequality in property access,support low income households and first time buyers

Question 28

Gig Platforms : Uber/Delieveroo

Answer 28

own technology not assets workers are classifed contractors property and power are uin hands of platforms owners and shareholders who generate value. leads to asymmetric power,platforms control wages,rates,access to work. workers lack bargaining power and security.