Using the extract explain the effect of the corona virus on the UK economy in 2020 (10 marks)

10 mark questions require 2 KAA paragraphs with 2 1 mark ev points. This question would involve an extract
I will teach my students to use a bullet point system to plan and to think of every answer as I will display below:
K - fall in incomes A - quote the text or do a sum to quote a fewly found figureA - draw an AS/AD graph with a downwards shift in AD. As real incomes are lower as workers have not been able to work or have been made unemployed, demand in the whole economy will fall which will further depress incomes
ev. government bailouts as quote in the extract tried to protect incomes so that demand will not fall. This means GDP will not fall as much as expected
K - productive capacity of the UK will fallA - quote extract about deaths/shutting down businessA - draw a negative shift in AS/PPF reduction curve. loss of human capital has caused fall in possible output of Uk economy and even when all over factors of production return to previous coronavirus levels the uk will be unable to produce the same amount of goods at the same input
ev. old people who produce little for the economy were among the worst effected so will see little reduction in ability to produce