Question

what are main loss of unemployment to the economy ​

Answer 1

Answer:

These will include: Loss of output to the economy - the unemployed could be producing goods and services and if they are not, then GDP is lower than it could be -this is the opportunity cost of unemployment. Loss of tax revenue - unemployed people are not earning and not paying tax.

Explanation:

Answer 2

Answer:

These will include: Loss of output to the economy

Explanation:

The unemployed could be producing goods and services and if they are not, then GDP is lower than it could be -this is the opportunity cost of unemployment. Loss of tax revenue - unemployed people are not earning and not paying tax.