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?

Q: Answer-Consider the following Statements about the Worker-population ratio. (1) It is an indicator which...

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.