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.
Answered by George B. Economics tutor

20466 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Describe with a real world example, price elasticity of demand


Explain, using an example, what is meant by 'opportunity cost'?


Identify policies a government can use to achieve economic growth.


The National Living Wage (NLW) government policy target is to increase the NLW to £9 per hour by 2020. Explain two possible impacts of this policy on the UK supermarket industry.


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo
Cookie Preferences