Q4 · 2021 · External assessmentUnclassified1 mark
QUESTION 4
An economy is experiencing decreasing levels of economic activity.
A cause for unemployment rates remaining at 5% (ceteris paribus) might be
(A) areduction in the number of hours worked.
(B) an increase in unemployment benefits.
(C) arise in the number of school leavers.
(D) adelay in workers retiring.
WORKED SOLUTION
1 markAnswer A
OFFICIAL ANSWERA
QCAA awards 1 mark for selecting option A.
Correct option from the official QCAA answer key.