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Unemployment and Inflation · CAPE Economics Unit 2

26 past-paper questions on Unemployment and Inflation, part of Macroeconomic Problems and Policies, from every CAPE Economics Unit 2 paper on Quelpr.

Practise Unemployment and Inflation
  1. 1(b)2 marks· CAPE Economics Unit 2 · 2006 · Paper 1State ONE way in which inflation is measured.
  2. 1(e)3 marks· CAPE Economics Unit 2 · 2007 · Paper 2Define the term 'Consumer Price Index'.
  3. 2(d)20 marks· CAPE Economics Unit 2 · 2008 · Paper 2Describe FOUR types of unemployment.
  4. 1(a)(i)4 marks· CAPE Economics Unit 2 · 2009 · Paper 2Define inflation and state how it is measured.
  5. 1(a)(iii)4 marks· CAPE Economics Unit 2 · 2009 · Paper 2Define unemployment rate and state how it is measured.
  6. 3(a)(i)4 marks· CAPE Economics Unit 2 · 2012 · Paper 2Distinguish between 'unemployment' and 'underemployment'.
  7. 3(a)(ii)8 marks· CAPE Economics Unit 2 · 2012 · Paper 2Outline FOUR types of unemployment.
  8. 3(b)(i)6 marks· CAPE Economics Unit 2 · 2012 · Paper 2With the use of examples, describe TWO types of inflation.
  9. 3(b)(ii)4 marks· CAPE Economics Unit 2 · 2012 · Paper 2Differentiate between 'nominal interest rate' and 'real interest rate'.
  10. 4(c)(i)2 marks· CAPE Economics Unit 2 · 2015 · Paper 2Define the term 'stagflation'.
  11. 4(c)(ii)4 marks· CAPE Economics Unit 2 · 2015 · Paper 2With the use of a labelled Phillips curve, explain how the use of fiscal and monetary policies to solve problems of inflation and unemployment can further compound the problems.
  12. 3(a)(i)3 marks· CAPE Economics Unit 2 · 2016 · Paper 2Define the term 'inflation' and state how it is measured.
  13. 3(a)(ii)4 marks· CAPE Economics Unit 2 · 2016 · Paper 2State FOUR challenges in measuring inflation accurately.
  14. 3(b)4 marks· CAPE Economics Unit 2 · 2016 · Paper 2Differentiate between 'cost-push inflation' and 'demand-pull inflation'.
  15. 3(d)8 marks· CAPE Economics Unit 2 · 2016 · Paper 2Discuss ONE positive and ONE negative effect of inflation on an economy.
  16. 4(b)6 marks· CAPE Economics Unit 2 · 2016 · Paper 2Explain TWO ways in which the fluctuating value of money affects an economy.
  17. 4(d)8 marks· CAPE Economics Unit 2 · 2016 · Paper 2The widespread use of credit cards has resulted in huge debts as people spend far more than they earn. Discuss TWO potential economic consequences of a large increase in consumer spending.
  18. 2(a)(ii)3 marks· CAPE Economics Unit 2 · 2017 · Paper 2State THREE costs of unemployment.
  19. 2(b)(i)3 marks· CAPE Economics Unit 2 · 2017 · Paper 2Explain ONE way in which high or rising oil prices may impact the inflation rate.
  20. 2(b)(ii)3 marks· CAPE Economics Unit 2 · 2017 · Paper 2Explain ONE way in which high or rising oil prices may impact the unemployment rate.
  21. 2(a)2 marks· CAPE Economics Unit 2 · 2018 · Paper 2Define the term 'frictional unemployment'.
  22. 2(c)(i)6 marks· CAPE Economics Unit 2 · 2018 · Paper 2Calculate the labour force participation rate (to one decimal place) in Year 1 and Year 2.
  23. 2(c)(ii)3 marks· CAPE Economics Unit 2 · 2018 · Paper 2Calculate the unemployment rate (to one decimal place) for Year 1 and Year 2.
  24. 2(c)(iii)4 marks· CAPE Economics Unit 2 · 2018 · Paper 2Discuss how it is possible that the number of persons employed increased yet the unemployment rate also increased rather than decreased.
  25. 2(b)(ii)3 marks· CAPE Economics Unit 2 · 2021 · Paper 2Explain the statement: 'John has just graduated and is looking for a job. However, John's situation is not considered a case of cyclical unemployment.'
  26. 2(b)(iii)3 marks· CAPE Economics Unit 2 · 2021 · Paper 2In Country M, the consumer price index (CPI) in 2017 was 110 and in 2018 it was 120. Determine the rate of inflation across the two years.

Related topics in Macroeconomic Problems and Policies