Economics 0455 · IGCSE · Employment and unemployment

Employment and unemployment — practice question

During 2014, an announcement was made about a large new rail link to be financed by central and regional government. The project would require redevelopment of an urban district, create $14\,000$ jobs, and make possible the construction of $2000$ homes and office space for private firms. What economic concepts are shown directly in the statement above?

  • Abudget surplus and inflation
  • Bfactors of production and multinational companies
  • Cfiscal policy and mixed economy
  • Dregional unemployment and average wage rates

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