Gce Model Questions Vol1 2021 Economics Question 10

Practice essay / theory question 10 from the 2021 Gce Model Questions Vol1 Economics examination. This question covers Unemployment .

Gce Model Questions Vol1 2021 Economics Essay / Theory

Topic: Unemployment

Question 10 GCE_MODEL_QUESTIONS_VOL1 • 2021 • ECONOMICS • essay

Unemployment remains a persistent problem in many developing economies, including Nigeria.

Question Parts

( a )

Define unemployment and distinguish between structural, frictional and cyclical unemployment, giving one example of each.

( b )

In a given year the total labour force in Nigeria is 20 million and the number of unemployed persons is 2.5 million. Of the unemployed, 0.8 million are structurally unemployed and 0.5 million are frictionally unemployed. (i) Calculate the overall unemployment rate. (ii) Calculate the structural unemployment rate. (iii) Discuss briefly the likely macro‑economic implications of a high structural unemployment rate for Nigeria.

( c )

Evaluate two policy measures that the Nigerian government could adopt to reduce structural unemployment. In your evaluation, consider both the short‑term and long‑term effects and any possible trade‑offs.

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About This Question

This is Gce Model Questions Vol1 2021 Economics Question 10. It is one of the essay questions from the 2021 Gce Model Questions Vol1 Economics examination.

The question covers Unemployment .

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