IB Econ 3.3 Unemployment

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Identify TWO economic costs of unemployment.

Loss of GDP, loss of tax revenues, loss of income, increased unemployment benefits, greater income inequality

Identify TWO social costs of unemployment

Increased crime rate and anti-social behaviour, Indebtedness, social deprivation

Identify TWO personal costs of unemployment

Stress, Low self-esteem, Poverty, Family breakdowns

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