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A situation in which there is an overall acceleration in the growth rate of GDP in the economy which is not accompanied by a commensurate expansion in employment opportunities
- a)Jobless growth
- b)Population growth
- c)People growth
- d)None
Correct answer is option 'A'. Can you explain this answer?
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A situation in which there is an overall acceleration in the growth ra...
To analyze the given situation and determine the correct answer, let's break it down into key points:
Overall acceleration in the growth rate of GDP:
- This indicates that the economy is experiencing an increase in the production of goods and services, resulting in a higher Gross Domestic Product (GDP).
Not accompanied by a commensurate expansion in employment opportunities:
- Despite the growth in GDP, the increase in job opportunities is not proportionate or equivalent.
- It means that even though the economy is growing, the employment rate does not experience a similar level of growth.
Now, let's analyze the options:
A. Jobless growth:
- This option perfectly matches the given situation, as it describes a scenario where there is an acceleration in GDP growth without a corresponding expansion in employment opportunities.
- Jobless growth refers to a situation where economic growth occurs without a significant increase in employment.
B. Population growth:
- This option does not directly address the given situation.
- Population growth refers to an increase in the number of individuals in a particular area over time, which might not be relevant to the context of the question.
C. People growth:
- This option is similar to the previous one and does not directly relate to the situation described.
- People growth can be interpreted as an increase in the population, but it does not specifically address the mismatch between GDP growth and employment opportunities.
D. None:
- This option implies that none of the provided options is correct.
- However, based on the analysis above, option A (Jobless growth) is the most appropriate answer.
In conclusion, the correct answer to the given question is A. Jobless growth.
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A situation in which there is an overall acceleration in the growth rate of GDP in the economy which is not accompanied by a commensurate expansion in employment opportunitiesa)Jobless growthb)Population growthc)People growthd)NoneCorrect answer is option 'A'. Can you explain this answer?
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