The article is about structural unemployment. Explain what this means and whether it is the same as the natural rate of unemployment.
(b)[6]
To keep unemployment low, one government used fiscal policy. Analyse how this policy can change unemployment rates.
(c)[3]
Explain how the policies adopted by high-income economies towards ‘green energy’ changed between 2015 and 2022.
(d)[8]
Assess whether the article provides enough evidence to justify its conclusion that government intervention has little effect on economic outcomes.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Definition/description of structural unemployment: it occurs when the labour force’s skills do not match the jobs on offer; people looking for work cannot obtain a job because they lack the necessary skills, or because there are fewer jobs than jobseekers.” …