Unemployment Flashcards
(10 cards)
1
Q
Effects of country
A
Pay less tax- taxes go up Not producing as much output Increase GS on benefits Opportunity cost No economic growth
2
Q
Three types of unemployment
A
Frictional
Structural
Economic
3
Q
Structural unemployment
A
Haven’t got required skills
4
Q
Frictional unemployment
A
In-between jobs
5
Q
Economics unemployment
A
Due to recession
6
Q
What’s the claimant count
A
Measuring rate of unemployment and those on unemployment benefits
7
Q
Pros of claimant count
A
Easy to see trend
Easy to calculate
Government make decisions
8
Q
Cons of claimant count
A
Misses out retired
Misses people ashamed to take benefits
Rest of EU don’t use it
9
Q
What other thing measures unemployment
A
ILO International labour organisation
10
Q
Effects of unemployment on people
A
Less money
Claim benefits
Demotivation
Debt
