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.
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The Fisher Effect assumes that the    Â
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