(a)[2]
Define what is meant by a ‘trade union’.
(b)[4]
Explain two possible reasons why a worker’s earnings might fall.
(c)[6]
Analyse the reasons for unemployment.
(d)[8]
Discuss whether an ageing population is beneficial for an economy.
Economics 0455 · IGCSE · Employment and unemployment
Employment and unemployment — practice question
From 2009 to 2014, Delaware was the sole US state where earnings fell. Over that same span, it also had unemployment below the national average and a larger share of workers in trade unions. Looking ahead to the next twenty years, the state is predicted to be among the fastest-ageing populations in the USA.