Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Employment - Growth, Informalisation and Other Issues

Question:

Which of the following stands true in regard to "Worker-population" ratio?

  1. It is an indicator used for analysing the employment situation in the country.
  2. Ratio is inversely proportional to engagement of workforce in economic activities.
  3. It is useful in knowing the proportion of population that is actively contributing to production of goods and services.
Options:

1, 2 and 3

1 and 2

2 and 3

1 and 3

Correct Answer:

1 and 3

Explanation:

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.