Explain two benefits to the government that falling unemployment provides.

  1. There will be less unemployment benefits paid out by the government allowing them to spend this money elsewhere, such as improving infrastructure.
    2. Less people unemployed means the government is able to collect more income tax, leading to a reduction of the budget deficit.
GB
Answered by George B. Economics tutor

21791 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Please show, using a diagram with explanation, the effect on the UK market for t-shirts of a flood in Bangladesh, a leading cotton growing nation.


Define the term PPF and illustrate it.


Explain why a firm in Perfect Competition earns supernormal profits in the short-run


What are the main causes of unemployment in the UK? CCEA 2013 Summer paper 2


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences