these questions are related to Jamaica

(a) Illustrate and explain the impact of a minimum wage on the labour market. (marks will be deducted for incorrect or incomplete labelling of graphs)

(b) In Jamaica, identify a year in which the minimum wage increased and the new value for the minimum wage. Illustrate this new minimum wage on the diagram from part (a). (marks will be deducted for incorrect or incomplete labelling of graphs) (2 marks)

(c) Prepare a table showing the unemployment rate, inflation rate and economic growth for the year the minimum wage was increased as well as the year before and after the increase in the minimum wage. By examining these variables (unemployment rate, inflation rate and economic growth rate) across the three years, determine whether the increased minimum wage had the expected impact from part a? Justify your response.

Question 3 - Unit 8 (Session 8.1 and 8.3) (22 marks) Prepare a table and line graph comparing the unemployment rate for 2009 - 2018 in your assigned Caribbean country to ONE developed country of your choice. (both countries should be shown on the same graph)

(a) Discuss the relationship observed between the countries. (4 marks)

(b) Explain THREE specific reasons that could account for the differences observed in the unemployment rate in these countries. The use of real-world examples is required. [HINT: Ensure that the reasons provided, examples and explanations are relevant and specific to the difference you are seeing between your two countries] (12 marks)

(c) Explain THREE policies/strategies that can be implemented by the government to improve the accuracy of labour force statistics. (6 marks)