Question
Suppose that one million unemployed persons in a country
are receiving Rs. 6000 per month per person as an unemployment allowance. If the government, instead of paying unemployment allowance, hires all of them at the same amount (Rs. 6000 per month per person) and engages them in digging the pits and filling the same pits. What will be the effect on GDP?Solution
If the government hires the unemployed persons and pays them the same amount they were receiving as an unemployment allowance, and engages them in any form of economic activity (even if it is digging and filling pits), the payments become part of government expenditure on wages. In national income accounting, government expenditure on goods and services, including wages paid to employees, is counted as part of GDP. Therefore, hiring the unemployed persons and paying them for their labor will increase the government expenditure component of GDP.
Insect species under the Neoptera group share which common feature among the following options?
Metarhizium anisopliae is used for control of:
Which one the following element largely influence calcium metabolism in plants?
The costs that have already been incurred and cannot be recovered are called ____
Which crop is heavily affected by powdery mildew:
A soil with 50% silt and 50% clay is classified as:
3PL stands for.......................?
Which state is highest producer of Coconut in India?
Soils with high pH are generally deficient in
The process of judicious removal of parts like leaves, flowers, and fruits to obtain good and qualitative yield is called:
