Economics 0455 · IGCSE · Living standards

Living standards — practice question

Section B In Cairo, the capital city of Egypt, close to one million people live in crowded and unhealthy housing. Unemployment is one reason that many people are missing basic necessities, including adequate housing. In 2019, almost 10% of Cairo’s workers did not have a job. By contrast, some other people in Cairo live in luxury, in houses worth more than $1 million. Many of Cairo’s rich adults were brought up in rich families.
(a)[2]

Identify two basic necessities apart from housing.

(b)[4]

Explain how frictional unemployment is different from cyclical unemployment.

(c)[6]

Analyse why the children of the rich often become rich adults.

(d)[8]

Discuss whether a government should provide subsidies to families to spend on housing.

Worked solution & mark scheme

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