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Edexcel A-Level Economics AS 2.3.1 3c Effects of Unemployment on Consumers Firms Workers Public Finances Resource Questions

Practise Edexcel IAL Economics 2.3.1.1s by linking unemployment to workers living standards, government finances, output gaps and resource use.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Edexcel A-Level Economics AS 2.3.1 3c Effects of Unemployment on Consumers Firms Workers Public Finances Resource Questions question 1

[Maximum number: 1]

The unemployment rate in Sri Lanka increased from 5.2\% in 2021 to 6.7\% in 2022.
Which one of the following is the most likely effect of this increase in the unemployment rate?

A

An increase in national happiness in Sri Lanka

B

An increase in the level of profits for firms in Sri Lanka

C

A decrease in tax revenues for Sri Lanka's Government

D

A decrease in welfare payments by Sri Lanka's Government

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