- 15 Marks
BMIS – Dec 2023 – L1 – Q2a – The external environment
Differentiates between cyclical and structural unemployment and explains the economic and non-economic costs associated with them.
Question
The economic uncertainties associated with declining Gross Domestic Product may result in a country experiencing either cyclical or structural types of unemployment.
Required:
i) Differentiate between these two types of unemployment.
ii) Explain FIVE (5) economic and non-economic costs associated with these two types of unemployment in a country.
Find Related Questions by Tags, levels, etc.
- Tags: Cyclical Unemployment, Economic Impact, Structural Unemployment, Unemployment
- Level: Level 1
- Topic: The external environment
- Series: DEC 2023
- 15 Marks
BMIS – Dec 2023 – L1 – Q2a – The external environment
Differentiates between cyclical and structural unemployment and explains the economic and non-economic costs associated with them.
Question
The economic uncertainties associated with declining Gross Domestic Product may result in a country experiencing either cyclical or structural types of unemployment.
Required:
i) Differentiate between these two types of unemployment.
ii) Explain FIVE (5) economic and non-economic costs associated with these two types of unemployment in a country.
Find Related Questions by Tags, levels, etc.
- Tags: Cyclical Unemployment, Economic Impact, Structural Unemployment, Unemployment
- Level: Level 1
- Topic: The external environment
- Series: DEC 2023