Indian Economic Development: Employment – Growth, Informalisation and Other Issues · Class 12 · CBSE · Commerce Economics
When an economy experiences a substantial rise in output but employment increases only marginally, the situation is best described as:
Practice question from Indian Economic Development: Employment – Growth, Informalisation and Other Issues (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
easy · MCQ · Q-013C45
When an economy experiences a substantial rise in output but employment increases only marginally, the situation is best described as:
- A.Disguised unemployment
- B.Jobless growthCorrect answer
- C.Seasonal unemployment
- D.Full employment
Solution
Jobless growth refers to a situation in which economic output grows without a corresponding increase in employment opportunities. It indicates that growth is not sufficiently labour-intensive.
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