A theatre lays off several employees after its ticket sales fall, and the employees do not find new jobs. Which is the likely effect of these job losses on the government's tax receipts?
Income tax receipts are unchanged but receipts from taxes on spending fall.
Income tax receipts fall but receipts from taxes on spending rise.
Income tax receipts fall and receipts from taxes on spending fall.
Income tax receipts are unchanged but receipts from taxes on spending rise.
65 exam-style questions on OCR GCSE Economics 3.2 Low unemployment, covering 3.2.1 Employment and unemployment, 3.2.2 Measuring unemployment, 3.2.3 Calculate the unemployment rate, 3.2.4 Analyse unemployment figures, 3.2.5 Types of unemployment, and 3.2.6 Causes and consequences of unemployment. Each one has a worked solution and a mark scheme showing where the marks go.