Read the following statements - Assertion (A) and Reason (R)carefully and choose the correct alternative given below:
Assertion (A) :Full employment implies the situation of 100 percent employment in an economy.
Reason (R ):Voluntary unemployment is not taken into account while estimating the total unemployment in an economy.
Answer & explanation
Correct answer: option 4
The correct answer is Option 4: Assertion (A) is false but Reason (R) is true.
Assertion (A) :Full employment implies the situation of 100 percent employment in an economy. This is false. Full employment is the situation where all people who are available and searching for work can find a job. It does not mean that there is zero unemployment.
Reason (R):Voluntary unemployment is not taken into account while estimating the total unemployment in an economy. This is true.