Which of the following stands true in regard to "Worker-population" ratio?
- It is an indicator used for analysing the employment situation in the country.
- Ratio is inversely proportional to engagement of workforce in economic activities.
- It is useful in knowing the proportion of population that is actively contributing to production of goods and services.
Answer & explanation
Correct answer: option 4
The correct answer is option 4: 1 and 3
Statement 1: Correct — Worker-population ratio is indeed an indicator to analyse the employment situation of a country.
Statement 2: Incorrect — The ratio is not inversely proportional. It is directly proportional to workforce engagement. Higher ratio means more people are working.
Statement 3: Correct — It helps in knowing the proportion of population actively engaged in producing goods and services.