Question
Consider the following statements regarding
‘employment elasticity’: 1. It is a measure of the percent change in employment associated with a unit percentage point change in economic growth. 2. Construction has higher employment elasticity than agriculture. 3. Employment elasticity is a measure of the percentage change in employment associated with a 10% point change in economic growth. Which of the statements given above is/are incorrect?Solution
Employment elasticity is a measure of the percentage change in employment associated with a 1 percentage point change in economic growth.
There was a leakage in the petrol tank. If 5litre of petrol is leaked out per day then it would have lasted for 30 days. If the leakage was 7litre per d...
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A cistern has two pipes one can fill it with water in 24 hours and other can empty it in 9 hours. In how many hours will the cistern be emptied if both ...
There was the leakage in the refined container. If 8 litre of refined is leaked out per day then it would have lasted for 20 days and if the leakage was...
Pipe ‘A’ and pipe ‘B’ can fill a cistern in 20 minutes and 18 minutes respectively. Pipe ‘C’ alone can empty the cistern in 12 minutes. If a...
Pipe ‘A’ takes 20 hours to fill a tank. Pipe ‘B’ takes 80 hours to empty the same tank. If both are opened together, then how long will it take ...
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