Increase in____________ is an indicator of a depressed economy in the world.
(a) Education
(b) Unemployment
(c) GDP
(d) Per capita Income
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The correct fill in the blank is (b) Unemployment
- Unemployment has a negative impact on the country's economic development. Unemployed people not only lose money, but their physical and mental health suffers as well.
- An increase in unemployment is a sign of a struggling economy. It wastes resources that may have been put to better use. People become a burden to the economy if they cannot be exploited as a resource.
- The contribution that employed individuals can make is nullified. It is a waste of human capital and human resources.
- It contributes to the country's economic overstretch. It promotes poverty and lowers the standard of living since jobless individuals must adjust to low wages.
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