Question
Consider the following Statements about the
Worker-population ratio. (1)Â It is an indicator which is used for analysing the employment situation in the country. (2)Â If the ratio is higher, it means that the engagement of people is greater (3)Â 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?Solution
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.
Sonia has decided to always spend one-tenth of her income on shoes. Her income and price elasticities of demand for shoes are
PM SVANidhi Scheme is one of the major safety net programmes launched during the Pandemic. What is the main objective of the Scheme?
The 'Cobb-Douglas' production function is most closely associated with which concept of national income distribution?
The natural rate of unemployment corresponds to:
What is the Capital to RiskWeighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the Financial Stability R...
If the marginal propensity to consume (MPC) is 0.75 and the tax rate is 0.20, the value of the tax multiplier is:
In cluster sampling:
A government recently introduced the Policy mix of Monetizing Budget deficit to revive the economy. Using the IS-LM framework, the impact on Output and ...
The velocity of money is
Type II error occurs when
