📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Consider the following Statements about the

    Worker-population ratio. (1) It is an indicator which is used for analysing the employment situation in the country. (2) If the ratio is higher, it means that the engagement of people is greater (3) This ratio is useful in knowing the proportion of population that is actively contributing to the production of goods and services of a country. Which of the above statement(s) is/are CORRECT?
    A 1 & 2 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 1 & 3 Only Correct Answer Incorrect Answer
    D 1, 2, & 3 Correct Answer Incorrect Answer
    E 2 & 3 Only Correct Answer Incorrect Answer

    Solution

    Explanation: Worker-population ratio is an indicator which is used for analysing the employment situation in the country. This ratio is useful in knowing the proportion of population that is actively contributing to the production of goods and services of a country. If the ratio is higher, it means that the engagement of people is greater; if the ratio for a country is medium, or low, it means that a very high proportion of its population is not involved directly in economic activities.

    Practice Next
    More Economic and Social Issues ESI Questions
    ask-question