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.
Name the alkaloid that is obtained from the autumn crocus, which is the most important chemical used by breeders to induce the doubling of chromosome nu...
Linkage equilibrium can be achieved by:
Tillering habit is more common is cereals except
The “National Agricultural Innovation Project (NAIP)” launched in 2006 aimed to:
Calcium deficiency causes toxicity of:
The thorax is the middle section of the insect's body, and it contains the wings and legs. How many pairs of legs do insects typically have?
Which method of irrigation is best suited for arid regions?
Which of the following is not polyembryonic variety of mango?
Which herbicide is suggested for controlling weeds in clusterbean?
Foodgrains and oilseeds are dried to how much moisture level?
