Gce Model Questions Vol1 2017 Economics Question 10

Practice essay / theory question 10 from the 2017 Gce Model Questions Vol1 Economics examination. This question covers Unemployment, Types of unemployment, Labour market indicators, Phillips curve, Employment policy .

Gce Model Questions Vol1 2017 Economics Essay / Theory
Topics: Unemployment Types of unemployment Labour market indicators Phillips curve Employment policy
Question 10 GCE_MODEL_QUESTIONS_VOL1 • 2017 • ECONOMICS • essay

The labour market statistics for Nigeria in 2020 are given below:

Question Parts

( a )
Using the data, calculate (i) the overall unemployment rate and (ii) the youth unemployment rate (youth = ages 15‑24).
( ) Overall unemployment rate
( ) Youth unemployment rate
( b )
Discuss two structural and two cyclical factors that could be contributing to the level of unemployment observed in Nigeria.
( c )
Explain how a persistently high unemployment rate might influence inflation in the Nigerian economy, referring to the Phillips curve relationship.
( d )
Recommend two policy measures (one demand‑side and one supply‑side) that could be implemented to reduce unemployment. For each measure, outline the mechanism through which it would operate and a possible limitation.

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About This Question

This is Gce Model Questions Vol1 2017 Economics Question 10. It is one of the essay questions from the 2017 Gce Model Questions Vol1 Economics examination.

The question covers Unemployment, Types of unemployment, Labour market indicators, Phillips curve, Employment policy .

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