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

The 'Census of Population' is the official counting of a country's population. It provides crucial data on the demographic characteristics of the population, including age, gender, and social factors, which can inform various government policies and resource allocation.

Businesses could utilize the census data to forecast future consumer demand. By understanding demographic trends such as age or household composition, businesses can tailor their products and marketing strategies more effectively.

Local governments can use census data to assess housing requirements. By understanding the population size and composition, they can plan for future housing developments and address public service needs accordingly.

Central Government can use the census data for infrastructural planning. Insights regarding population distribution assist in prioritizing investments in transportation, healthcare, and education services.

One reason for increasing the retirement age is to reduce the costs associated with pensions for 'older' people. By requiring individuals to work longer before retiring, the government can maintain financial stability and reduce short-term expenditure on pension benefits.

One possible economic effect on the Irish Labour Market is the retention of experienced workers. Retaining older employees helps sustain expertise within industries; this may improve efficiency and reduce the training costs associated with hiring younger workers.

One effect on consumer spending may be increased disposable income for older individuals who continue working. With higher income levels, these consumers may spend more in the economy, altering consumption patterns and potentially benefiting various sectors.

Economic development refers to the process of improving the economic well-being and quality of life for a community by increasing the income level, enhancing the structure of the economy to foster growth, and reducing poverty.

One economic effect could be a decline in public services, as financial aid reductions often lead to cutbacks in essential services such as education and healthcare. Another effect may be increased hardship for vulnerable populations, as less financial support can lead to higher poverty levels and reduced access to basic necessities.

One action could be to promote population control measures, which may involve family planning initiatives. Another action is to improve basic infrastructure, such as investing in clean water and sanitation facilities, which would enhance public health and living conditions.