CSEC Economics · May/June 2008 · Paper 2 · Question 5(a)(ii)
Define the term 'inflation'.
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Practise this questionOther parts of this question
- 5(a)(i)Define the term 'unemployment'.[2 marks]
- 5(b)List THREE types of unemployment.[3 marks]
- 5(c)(i)Identify TWO possible effects that the removal of preferential trading arrangements may have on an economy.[2 marks]
- 5(c)(ii)Discuss TWO measures that can be used to address the consequences of the removal of preferential trading arrangements.[6 marks]
- 5(d)Explain TWO ways in which the CARICOM Single Market and Economy (CSME) can contribute to the economic development of a named Caribbean country.[5 marks]
More practice: the rest of this paper · more Macroeconomic Problems: Growth, Inflation, Unemployment, and Trade Unions questions · all CSEC Economics past papers