In April 2011 the CSO conducted a Census of Population at an estimated cost of €60m - Leaving Cert Economics - Question 8 - 2011

The term 'Census of Population' refers to an official count of the population within a specific area, which collects demographic data such as age, gender, and employment status. This information aids in resource allocation and policy making.

Businesses can use census data to forecast future consumer demand, as it provides insights into population demographics and consumer behavior which aid in market analysis and planning.

Local governments can utilize census data to assess housing requirements and infrastructure planning, enabling them to make informed decisions about future developments and public services.

Central Government can use census data to inform national policies on healthcare, education, and economic development, ensuring resources are allocated effectively based on population needs.

One reason the Government increased the retirement age is to reduce the costs for pension funds. By raising the retirement age, individuals are expected to work longer, thereby delaying the onset of pension payouts and reducing the financial burden on the pension system.

A possible economic effect of increasing the retirement age on the Irish Labour Market could be an increase in the available workforce. Older workers may stay employed longer, which helps in maintaining productivity levels and can lead to a reduction in dependency ratios.

Increased consumer spending may occur due to higher disposable income from retained workers. As older individuals keep their jobs longer, their salaries contribute to overall consumer spending, stimulating economic activity.

Economic development refers to the process of improving the economic well-being and quality of life for a community by increasing income levels, providing better employment opportunities, and enhancing living standards.

1. Reduced standard of living: With reduced financial aid, the development projects may be limited, leading to lower standards of living as essential services might be cut.
2. Increased poverty: Essential services such as healthcare and education might receive less support, which can result in higher poverty rates among citizens in LDCs.

1. Promote agricultural reform: By supporting local agriculture and improving food security, governments can enhance the standard of living through better nutrition and economic stability.
2. Improve infrastructure: Investing in basic infrastructure such as roads and sanitation can lead to improved health outcomes and economic opportunities for citizens.