Concept of Unemployment - SS2 Economics Past Questions and Answers - page 1
1
What is unemployment?
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A
A situation where individuals who are willing and able to work are unable to find jobs.
B
A situation where individuals who are not willing to work are unable to find jobs.
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C
A situation where individuals who are not able to work are able to find jobs.
2
What is the current unemployment rate in Nigeria?
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A
10%
B
20%
C
33.3%
3
What is the main reason for unemployment in Nigeria?
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A
A lack of job opportunities
B
A lack of education
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C
A lack of government support
4
What are the consequences of unemployment?
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A
Poverty, social unrest, and a loss of productivity and potential.
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B
Economic growth and development.
C
Increased job opportunities.
5
What are some of the reasons for the high unemployment rates in Nigeria?
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6
Why is unemployment a significant issue in Nigeria?
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