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The population of Ireland counted in April 2016 by the CSO is estimated to be 4.76 million - Leaving Cert Economics - Question 8 - 2017
Question 8
The population of Ireland counted in April 2016 by the CSO is estimated to be 4.76 million. This represents an increase of almost 170,000 persons since the populatio... show full transcript
Worked Solution & Example Answer:The population of Ireland counted in April 2016 by the CSO is estimated to be 4.76 million - Leaving Cert Economics - Question 8 - 2017
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State and explain one possible economic effect which this increase in Ireland’s population may have on demand for goods and services.
Answer
The increase in Ireland's population may lead to an increase in demand for goods and services. As the population grows, there are more consumers who require more products such as food, clothing, and housing. Consequently, businesses may need to scale up production and expansion to meet this growing demand.
Step 4
State and explain one possible economic effect which this increase in Ireland’s population may have on provision of state services.
Answer
This population increase may necessitate a need for more state services. The government must provide additional resources in areas such as education, healthcare, and public transportation to accommodate the larger population. This increased demand could lead to a strain on existing services unless adequately planned for.