Gce Model Questions Vol1 2020 Economics Question 10

Practice essay / theory question 10 from the 2020 Gce Model Questions Vol1 Economics examination. This question covers Unemployment, Labour Market, Poverty, Government Policy .

Gce Model Questions Vol1 2020 Economics Essay / Theory
Topics: Unemployment Labour Market Poverty Government Policy
Question 10 GCE_MODEL_QUESTIONS_VOL1 • 2020 • ECONOMICS • essay

The table below presents the unemployment rate in Nigeria for the years 2015–2019. | Year | Unemployment Rate (%) | |------|-----------------------| | 2015 | 7.5 | | 2016 | 7.8 | | 2017 | 8.1 | | 2018 | 9.0 | | 2019 | 9.5 | Answer the following questions:

Question Parts

( a )
Define structural, frictional and cyclical unemployment. Based on the data above, which type is most likely to be dominant in Nigeria and why?
( b )
Calculate the average annual increase in the unemployment rate (in percentage points) over the period 2015–2019 and interpret what the figure suggests about the labour market trend.
( c )
Discuss two major socio‑economic consequences of high unemployment in Nigeria. Then evaluate the likely effectiveness of (i) a nationwide vocational‑training programme and (ii) a public‑works infrastructure scheme in reducing unemployment, giving one advantage and one limitation for each policy.

Detailed Solution & Marking Scheme

Get the step-by-step solution, key points required by examiners and detailed marking guidance through the Edcrib AI Tutor.

Reveal Answer

About This Question

This is Gce Model Questions Vol1 2020 Economics Question 10. It is one of the essay questions from the 2020 Gce Model Questions Vol1 Economics examination.

The question covers Unemployment, Labour Market, Poverty, Government Policy .

View More Gce Model Questions Vol1 2020 Economics Questions More Gce Model Questions Vol1 Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support