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What is Employment elasticity?
  • a)
    Employment growth rate / GDP growth rate
  • b)
    Employment growth rate/ Population growth rate
  • c)
    Employment growth rate/ Unemployment growth rate
  • d)
    Employment growth rate/ Per capita income growth rate
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is Employment elasticity?a)Employment growth rate / GDP growth ra...
Employment elasticity is the growth of employment relative to growth of Economy (in GDP). It indicates the ability of an economy to generate employment opportunities for its population as per cent of its growth (development) process.
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What is Employment elasticity?a)Employment growth rate / GDP growth rateb)Employment growth rate/ Population growth ratec)Employment growth rate/ Unemployment growth rated)Employment growth rate/ Per capita income growth rateCorrect answer is option 'A'. Can you explain this answer?
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