📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      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?
      A 1 only Correct Answer Incorrect Answer
      B 2 only Correct Answer Incorrect Answer
      C 3 only Correct Answer Incorrect Answer
      D Both 1 and 2 Correct Answer Incorrect Answer
      E Both 2 and 3 Correct Answer Incorrect Answer

      Solution

      Employment elasticity is a measure of the percentage change in employment associated with a 1 percentage point change in economic growth.

      Practice Next
      ask-question