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Relationship Between Unemployment and Inflation in Nigeria (1980-2012)
Content Structure of Relationship Between Unemployment and Inflation in Nigeria (1980-2012)
- The abstract contains the research problem, the objectives, methodology, results, and recommendations
- Chapter one of this thesis or project materials contains the background to the study, the research problem, the research questions, research objectives, research hypotheses, significance of the study, the scope of the study, organization of the study, and the operational definition of terms.
- Chapter two contains relevant literature on the issue under investigation. The chapter is divided into five parts which are the conceptual review, theoretical review, empirical review, conceptual framework, and gaps in research
- Chapter three contains the research design, study area, population, sample size and sampling technique, validity, reliability, source of data, operationalization of variables, research models, and data analysis method
- Chapter four contains the data analysis and the discussion of the findings
- Chapter five contains the summary of findings, conclusions, recommendations, contributions to knowledge, and recommendations for further studies.
- References: The references are in APA
- Questionnaire.
Chapter One of Relationship Between Unemployment and Inflation in Nigeria (1980-2012)
Background To 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)
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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).
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
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?
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
Research Hypothesis
Ho The level unemployment and inflation in Nigeria is low
Hi The level unemployment and inflation in Nigeria is high
Scope of the Study
The study focuses on the appraisal of the relationship between unemployment and inflation in Nigeria.
Limitations of the Study
The research was confronted by some constraint including geographical factor and logistics.
Definition 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).
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