Economics 0455 · IGCSE · Employment and unemployment
Employment and unemployment — practice question
It is predicted that India’s working-age population, aged 15 to 64, will increase by 125 million from 2015 to 2025 and then by another 103 million over the next decade. However, people of working age are not all employed or looking for work. Changes in population and the labour force influence how well a government can meet its economic aims.
(a)[2]
Identify any two government economic aims.
(b)[4]
Explain two reasons why a person might be of working age yet not belong to the labour force.
(c)[6]
Analyse what may cause an increase in a country’s labour force.
(d)[8]
Discuss whether an economy would gain from having a younger labour force.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Full employment / minimal unemployment” …