Economics 9708 · AS & A Level · Unemployment

Unemployment — practice question

(a)[2]

Explain what is meant by productivity in this context.

(b)[4]

The information implies that innovation and R&D are important in achieving high productivity. Does this statement match the evidence in Fig. 1.1?

(c)[6]

Use the information to comment on US productivity and show which factors contributed to its performance.

(d)[8]

Use the information to discuss whether or not the UK’s productivity within the G7 countries is likely to improve.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: The amount of output produced per unit of input, (which may be capital, labour or a combination of factors of production) for a given period, usually one hour.

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