- 10 Marks
BMF – May 2018 – L1 – SB – Q3a – The Business Environment
Classifies and explains different categories of unemployment.
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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.
Find Related Questions by Tags, levels, etc.
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.
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