Employment Rate (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What does the employment rate measure?
What does the employment rate measure?
% of labour force with jobs
What is the relationship between employment and unemployment rates?
What is the relationship between employment and unemployment rates?
Inverse - one rises, the other falls
Why is the employment rate important?
Why is the employment rate important?
It's a crucial indicator of economic health
How does higher employment affect individuals' income?
How does higher employment affect individuals' income?
They have greater disposable income
What happens to families when employment rates rise?
What happens to families when employment rates rise?
They can afford a higher standard of living
How does higher employment affect emigration?
How does higher employment affect emigration?
People are less likely to emigrate
How do businesses benefit from higher employment rates?
How do businesses benefit from higher employment rates?
Access to more skilled workers
What employment effect helps businesses retain staff?
What employment effect helps businesses retain staff?
Emigration decreases
How does higher employment benefit government revenue?
How does higher employment benefit government revenue?
Collects more income taxes
What happens to social welfare spending with higher employment?
What happens to social welfare spending with higher employment?
Less money needs to be spent
What is disposable income?
What is disposable income?
Money left after paying taxes
What positive cycle does higher employment create?
What positive cycle does higher employment create?
More work → more spending → business growth