Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

What is the term used for the situation when there is an increase in the gap between the employment rate and GDP of the economy?

Options:

Inflation

Jobless growth

Investment multiplier

Marginal propensity to consume

Correct Answer:

Jobless growth

Explanation:

When there is increase in the production of goods and services without increase in the employment rate, we often term it as "Jobless growth". It also indicates a widening gap between the growth of GDP and employment in the country.