UCLES 2018 045513ON18 23 A country experienced its usual August increase in the

Ucles 2018 045513on18 23 a country experienced its

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823A country experienced its usual August increase in the rate of unemployment. Unfortunately this was followed by the loss of jobs resulting from the regular downturn in global economic activity. Which types of unemployment occurred? © UCLES 2018 0455/13/O/N/18 first type of unemployment (August) second type of unemployment (global downturn) A cyclical structural B frictional seasonal C seasonal cyclical D structural frictional 24 What is the mostlikely effect of raising the retirement age in a country? 25 What describes absolute and relative poverty? 26Developing countries are sometimes given aid by charities and foreign governments. Which aid programme would be leastlikely to lead to long-term economic growth?
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9 © UCLES 2018 0455/13/O/N/18 [Turn over27A government imposes a limit of 2 million on the number of smartphones imported into the country. Which term is given to this limitation? Aban Bembargo Cquota Dtariff 28What is mostlikely to happen if South Korea builds a factory in Switzerland that becomes profitable? 29In July 2015, Australia’s balance of trade with the rest of the world was –2809 billion Australian dollars. In January 2016 it was –3294 billion Australian dollars. What describes Australia’s balance of trade over this period?
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  • Winter '20
  • Asad Gill

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