Which of the following is an indicator of a "Depressed economy"? |
Increase in unemployment rate Increase in the gross enrollment ratio Decrease in the life expectancy Both 1 and 2 |
Increase in unemployment rate |
Unemployment has detrimental impact on the overall growth of an economy. Thus, increase in unemployment is an indicator of a depressed economy. It also wastes the resource, which could have been gainfully employed. Whereas increase in the GER i.e., Gross enrollment ratio and life expectancy is a positive sign for the country's development. |