Gce Model Questions Vol1 2025 Economics Question 10

Practice essay / theory question 10 from the 2025 Gce Model Questions Vol1 Economics examination. This question covers Unemployment .

Gce Model Questions Vol1 2025 Economics Essay / Theory

Topic: Unemployment

Question 10 GCE_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • essay

The Labour Force Survey for Nigeria provides the following data for the year 2022: - Total labour force: 20 million persons\n- Employed persons: 18 million persons\n- Unemployed persons: 2 million persons A subsequent quarterly update (Q3 2023) reports: - Total labour force: 22 million persons\n- Employed persons: 19 million persons Answer the following questions:

Question Parts

( a )

Define unemployment and differentiate between structural, frictional and cyclical unemployment, providing a Nigerian example for each type.

( b )

Using the data provided:

( ) Calculate the unemployment rate for 2022.

( ) Based on the Q3 2023 figures, compute the new unemployment rate and comment on the change relative to 2022.

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About This Question

This is Gce Model Questions Vol1 2025 Economics Question 10. It is one of the essay questions from the 2025 Gce Model Questions Vol1 Economics examination.

The question covers Unemployment .

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