Question

8. The goal of Full Employment provides

as many jobs as possible

more money for economic output

more tax revenue for the government

all of the above

Answer 1

all of the above

Step-by-step explanation:

Full employment is a macroeconomic objective that targets to have all available labor resources employed most efficiently. In a full-employment situation, there is a zero or very low unemployment rate. In reality, a 3 to 4 percent unemployment rate is considered full employment.

some of the benefits of pursuing full employment include

1. Improved living standards: Employment moves people from zero to at least the minimum income, thereby improving their living standards.
2. Widen tax base: Government can collect more taxes with a larger number of employed people.
3. Increase income: with increased incomes, there is increased consumption in the economy. The multiplier effect of increased spending is more job opportunities and higher earnings.
4. Full employment relieves the government from the burdens of social support.
5. It improves equity in wealth distribution.