Economics 0455 · IGCSE · Employment and unemployment
Employment and unemployment — practice question
In 2022, over 250,000 workers, doctors among them, moved out of Sri Lanka to take jobs overseas. This mainly stemmed from economic difficulties, such as inflation reaching 50% and worries that unemployment could increase. The Sri Lankan Government raised direct taxation, and it also urged some public-sector employees to go overseas for a temporary period. Workers abroad often transfer money back to their family members at home.
(a)[2]
Identify two kinds of unemployment.
(b)[4]
Explain two ways in which money sent back by relatives working overseas could improve the living standards of their families.
(c)[6]
Analyse how a rise in direct taxation could raise unemployment.
(d)[8]
Discuss whether a doctor would benefit from taking up work in another country.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Unemployment of the frictional type” …