People often talk as if governments can easily control economic outcomes. Content removed due to copyright restrictions. High-income countries decided to focus on economic growth realising that it was essential to generate revenues and taxes needed to pay for costly investments, for example, the storage of renewable energy, required to reduce the use of fossil fuels. Sources: Irwin Stelzer, The Sunday Times, 29 January 2023 Ray Bourne, The Times, 9 February 2023 The article refers to structural unemployment. Explain what this means and whether it is the same as the natural rate of unemployment.
Exam No:9708_s25_qp_43 Year:2025 Question No:1(a)
Answer:
Knowledge points:
4.5.3 causes and types of unemployment: frictional, structural, cyclical, seasonal and technological
9.3.7 policies to reduce unemployment and their effectiveness
Solution:
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