Economics 0455 · IGCSE · Employment and unemployment
Employment and unemployment — practice question
In a recent recession across Europe, Spain's unemployment rate rose above 25%. As a result, many people left Spain for better-paid European economies such as Germany and the UK. This produced both opportunities and difficulties in countries where immigration exceeded emigration.
(a)[2]
Define what is meant by unemployment.
(b)[4]
Explain two causes of wage differences between separate economies.
(c)[6]
Analyse how a recession in one country may lead to unemployment in another country.
(d)[8]
Discuss whether the economic gains of immigration into countries such as the UK and Germany are greater than the economic drawbacks.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Able and ready to work” …