Economics 0455 · IGCSE · Employment and unemployment

Employment and unemployment — practice question

An economy that is operating on its production possibility curve (PPC) goes into a recession, creating unemployment. As the recession becomes more severe, some unemployed workers emigrate to seek jobs overseas. On a diagram of the economy's PPC, how are these recession effects represented in the short-term and the long-term?

    Worked solution & mark scheme

    This 1-mark question has a full step-by-step worked solution and mark scheme.

    • Full mark scheme, point by point
    • Step-by-step worked solution
    • Write your answer & get it marked instantly by AI