Impact of Cyclical Unemployment on The Economy bestmag.org

GDP is the Gross Domestic Product. It is the amount of income generated by the state from both domestic, and international sources. GDP determines the growth of the economy of a state. If the GDP is high, it means that a country is doing well in terms of monetary aspects. If the GDP is low, it creates a money shortfall. Low GDP leads to economic fall which in turn affects the social structure too. The most common effect is on the employment ratio. Cyclical unemployment increases with fall