Economics 0455 · IGCSE · Employment and unemployment
Employment and unemployment — practice question
Spain has experienced one of Europe's highest unemployment rates. In addition, by 2015, 3.5 million of the unemployed had been without work for at least a year. To cut unemployment and poverty, the Spanish Government has used several policy measures, including higher government spending. It has also attempted to help firms make their products’ supply more elastic.
(a)[2]
Identify two obstacles that stop a worker from getting employment.
(b)[4]
Explain two costs of long-term unemployment for the unemployed.
(c)[6]
Analyse why the price elasticity of supply can vary across products.
(d)[8]
Discuss whether higher government spending would reduce poverty.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Insufficient information about jobs” …