Economics (AS & A Level) · Oct / Nov 2022 · Paper 42 · Question 1
9708
As printed in the paper
The question as text
An Opportunity for Guyana The International Monetary Fund (IMF) believed that Guyana, one of South America’s geographically smallest countries, was likely to see a dramatic 86% rise in its economic output in 2020. • invest in coastal protection to guard against rising sea levels. Source: The Economist, 29 February 2020 pg.35 Content removed due to copyright restrictions.
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Show the answer and mark scheme
1(a)[2]
1(b)(i)[2]
Explain the type of unemployment arising from the closure of sugar plantations in Guyana. Type of unemployment is structural (1)
Explanation: Cannot compete with foreign sugar producers/change in pattern of demand (+1)
1(b)(ii)[4]
Explain how this type of unemployment might be reduced Solution: Supply side policies (1)
Example eg Skills/Training (+1). Up to 2 marks for any developed example Allow subsidies
1(c)[4]
1(d)[8]
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