(a)[2]
Explain how the discovery and extraction of oil changes the productive capacity of Guyana.
(b)[6]
With reference to the article:
- Explain the kind of unemployment that results from the closure of sugar plantations in Guyana. [2]
- Explain how this type of unemployment could be reduced. [4]
(c)[4]
Explain how an over-valuation of the exchange rate may influence Guyana’s economy.
(d)[8]
Discuss, with reference to the article, how the creation of the new fund may benefit the population of Guyana.