DP Economics Questionbank

Using Table 1, calculate the unemployment rate.

Using the graph, determine short-run values for the unemployment rate in 2016 and the inflation rate in 2018. Enter your answers in Table 2 below.

Table 2

Explain how an increase in unemployment might lead to a loss of gross domestic product (GDP) and a budget deficit.

Define the term structural unemployment indicated in bold in the text (paragraph [4]).

Calculate the unemployment rate in Fairland using Table 1.

Outline two difficulties in measuring unemployment.

Draw and label a curve that illustrates Fairland’s minimum wage on Figure 6.

Calculate the resulting unemployment among the low-wage workers.

Calculate the unemployment rate for 2012 and for 2013. Enter your results in Table 1.

Using the data in Table 1 to support your answer, identify two reasons why many economists would consider Country A’s economy to be performing poorly in 2012.

Explain why measuring unemployment in a country is difficult. 

Discuss whether the most important consequence of unemployment is a loss of income for individuals.

Explain two causes of structural unemployment.

Discuss the consequences of different types of unemployment.

Explain why cyclical (demand-deficient) unemployment may occur in an economy.

Table 3 provides information relating to the labour market in the country of Buranda.

Table 3

Calculate the unemployment rate in Buranda.

Define the term unemployment indicated in bold in the text (paragraph [6]).

Define the term unemployment rate indicated in bold in the text (Text A, paragraph [6]).

Using the information provided in Table 1, calculate the rate of unemployment for Burundi in 2019.