Economics 9708 · AS & A Level · Monopolistic competition

Monopolistic competition — practice question

(a)[2]

Using the data in Fig. 1.1, calculate how India’s unemployment rate changed between July 2020 and May 2021.

(b)[2]

Using the information provided, explain how agriculture led to seasonal unemployment in India in December 2020.

(c)[4]

Consider the extent to which problems may arise when unemployment in India is measured.

(d)[6]

Assess whether seasonal unemployment is likely to be a more serious issue than frictional unemployment for India’s economy.

(e)[6]

Assess the possible measures that could be taken to increase employment in a country such as India.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: Over the whole period, the unemployment rate rose from 7.4% in July 2020 to 11.9% in May 2021.

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