RELATIONSHIP BETWEEN UNEMPLOYMENT AND INFLATION IN NIGERIA (1980-2012)
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 4,373 times
Delivery: Within 24 hours1.1 BACKGROUND OF THE STUDY
Inflation is regarded as the general rise in the prices of goods and services over a period of time in the nation Balami (2006). It is also connected with money and referred to as too much money in circulation chasing few commodity. Hamilton (2001) describes inflation as the increase in money supply as against low production level in the country. It is measured as the rate of increase in the general price level over a specific period of time.
Unemployment is defined as the number of economically active population without work but are willing and seeking for work. These include those who have lost their jobs and have voluntarily left work (World Bank, 1998). The research therefore seek to determine the relationship between unemployment and inflation in Nigeria for the period (1980-2012)
1.2 STATEMENT OF THE PROBLEM
Inflation and unemployment are the major cause of underdevelopment
In the country. The Nigerian economy is greatly affected by inflation, unemployment resulting in economic recession. Adebayo and Ogunrinola,(2006).Unemployment has led to increase waste of the nations human resources ,while inflation has resulted in the general decline of the living standard of the people . Consequently, the full potentials of labour-surplus economy have not been fully exploited. Adebayo, (2010).The problem confronting the research is to determine the relationship between unemployment and inflation in Nigeria (1980-2012).
1.3 OBJECTIVES OF THE STUDY
Inflation is regarded as the general rise in the prices of goods and services over a period of time in the nation Balami (2006). It is also connected with money and referred to as too much money in circulation chasing few commodity. Hamilton (2001) describes inflation as the increase in money supply as against low production level in the country. It is measured as the rate of increase in the general price level over a specific period of time.
Unemployment is defined as the number of economically active population without work but are willing and seeking for work. These include those who have lost their jobs and have voluntarily left work (World Bank, 1998). The research therefore seek to determine the relationship between unemployment and inflation in Nigeria for the period (1980-2012)
To determine the relationship between unemployment and inflation in Nigeria
To determine the causes of unemployment and inflation in Nigeria
To determine the effect of unemployment and inflation in Nigeria
1.4 RESEARCH QUESTIONS
What is the relationship between unemployment and inflation in Nigeria?
What are the causes of unemployment and inflation in Nigeria?
What is the effect of unemployment and inflation in Nigeria?
1.5 SIGNIFICANCE OF THE STUDY
The study shall elucidate on the relationship between unemployment and inflation in Nigeria.
It shall also serve as a veritable source of information to economic experts and adminitrators including government officials for the formulation of policy
1.6 RESEARCH HYPOTHESIS
Ho The level unemployment and inflation in Nigeria is low
Hi The level unemployment and inflation in Nigeria is high
1.7 SCOPE OF THE STUDY
The study focuses on the appraisal of the relationship between unemployment and inflation in Nigeria.
1.8 LIMITATIONS OF THE STUDY
The research was confronted by some constraint including geographical factor and logistics.
1.9 DEFINITIONS OF TERMS
INFLATION DEFINED
Inflation is regarded as the general rise in the prices of goods and services over a period of time in the nation Balami (2006). It is also connected with money and referred to as too much money in circulation chasing few commodity. Hamilton (2001) describes inflation as the increase in money supply as against low production level in the country. It is measured as the rate of increase in the general price level over a specific period of time.
UNEMPLOYEMENT DEFINED
Unemployment is defined as the number of economically active population without work but are willing and seeking for work. These include those who have lost their jobs and have voluntarily left work (World Bank, 1998).
This material content is developed to serve as a GUIDE for students to conduct academic research
Delivery: Within 24 hours
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE SOCIOECONOMIC IMPLICATION OF FUEL SCARCITY IN GWAGWALADA UNDER PRESIDENT AHMED TINUBU ADMINISTRA...
CHAPTER ONE INTRODUCTION 1.1 Background of the study It is widely known that Nigeria possesses a significant quantity of natural resources. Regrettabl...More »
Item Type: Project Material | 54 pages | 344 engagements |
- 2.
THE IMPLICATIONS OF ELECTRICITY TARIFF INCREASE ON THE STANDARD OF LIVING OF NIGERIANS
CHAPTER ONE INTRODUCTION Background of the study The concept of standard of living is multifaceted, as it varies in meaning for individuals, grou...More »
Item Type: Project Material | 54 pages | 347 engagements |
- 3.
THE PROBLEMS OF NATIONAL GRID COLLAPSE IN NIGERIA: IMPLICATION FOR ECONOMIC DEVELOPMENT
CHAPTER ONE INTRODUCTION 1.1 Background of the study Electricity has become a crucial component of modern life on a global scale, fulfilling divers...More »
Item Type: Project Material | 54 pages | 309 engagements |
- 4.
TAXATION, INFLATION RATE, AND ECONOMIC DEVELOPMENT IN WEST AFRICA (1980 – 2022)
CHAPTER ONE INTRODUCTION 1.1 Background Of The Study The extent to which tax revenue stimulates economic performance in an economy especially in de...More »
Item Type: Project Material | 54 pages | 688 engagements |
- 5.
COVID-19 PANDEMIC AND NIGERIA’S ECONOMY. AN ASSESSMENT OF ITS EFFECTS ON KOGI STATE ECONOMY
COVID 19 PANDEMIC AND NIGERIA’S ECONOMY. AN ASSESSMENT OF ITS EFFECTS ON KOGI STATE ECONOMY CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Infe...More »
Item Type: Project Material | 54 pages | 562 engagements |
- 6.
ANALYSIS OF IPOB AGITATION AND IT IMPLICATION ON NATIONAL SECURITY: A CASE STUDY OF SOUTH EAST NIGER...
CHAPTER ONE INTRODUCTION Background of the study All around the world, people take security seriously. It is acknowledged as one of a state's most ...More »
Item Type: Project Material | 54 pages | 469 engagements |