Economics 0455 · IGCSE · Employment and unemployment
Employment and unemployment — practice question
It was forecast that world unemployment would increase by more than two million in 2017. However, unemployment rates differ from country to country. To cut unemployment, some governments rely on fiscal policy measures, while others choose supply-side policy measures. Trade protection can also affect the unemployment rate.
(a)[2]
Identify any two fiscal policy measures.
(b)[4]
Explain two reasons why one country's unemployment rate may be higher than another's.
(c)[6]
Analyse how supply-side policy measures may lower unemployment.
(d)[8]
Discuss whether a government ought to protect its country's industries from overseas competition or not.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Public expenditure” …