asked 189k views
2 votes
Which of the following is an economic factor that contributes to the stability of a society?

a.fluctuating tax
b. income inequality
c. unemployment rate
d. government spending

1 Answer

2 votes

Final answer:

Government spending contributes to the stability of a society by fostering economic growth, managing unemployment, and stabilizing prices, while providing essential public services and considering tradeoffs in economic policy.

Step-by-step explanation:

An economic factor that contributes to the stability of a society is government spending. When the government appropriates funds effectively, it can promote economic stability by contributing to consistent economic growth, maintaining low and steady unemployment rates, and keeping prices stable. Government spending affects vital public services like national defense, transportation infrastructure, and education, which are essential for a society's well-being and productivity. However, it is important to recognize the tradeoffs involved in government intervention in the economy, including potential impacts on taxes, resource allocation, and consumer behavior.

answered
User Vahancho
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.