What do you understand by the term "Jobless growth"?

Increase in the production of goods and services without increase in the GDP of the country Increase in the production of goods and services without increase in the inflation rate Increase in the production of goods and services without increase in the employment rate None of the above

Increase in the production of goods and services without increase in the employment rate

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.