Unemployment/enployment

Question 1

Unemployment

Answer 1

A situation in which people who are able and willing to find work are not able to find employment

Question 2

Weak pound

Answer 2

Cheap to export

Expensive to import

Question 3

Rates of unemployment

Answer 3

2019 - 3.8%
2020 - 4.9%
2021 - 4.2%

Question 4

One Disadvantage of unemployment

Answer 4

Unemployment is a waste of Human Resources.if these people were working they could be providing goods and services

Question 5

Second disadvantage of unemployment

Answer 5

Unemployment is bad for society social problems and benefits have to be paid for which could be spent in other areas such as healthcare and education

Question 6

A benefit of low levels of unemployment

Answer 6

A low level of unemployment leads to more tax revenue for the government as well as less welfare payments

Question 7

Unemployment for the individual

Answer 7

Can be damaging for the self esteem
Can lead to problems such as alcohol and drugs and crimes
This does not help the individual get back into work and may cost the government more money