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Consider the following statements regarding the approaches used to measure unemployment:
1. Usual status approach to measure unemployment uses seven days preceding the date of the survey as the reference period.
2. Current daily status approach to measure unemployment uses each day of the seven days preceding the date of the survey as the reference period.
3. The usual status approach to measure unemployment fails to capture the short- term fluctuations in employment.
Which of the statements given above is/are correct?
1. Usual status approach to measure unemployment uses seven days preceding the date of the survey as the reference period.
2. Current daily status approach to measure unemployment uses each day of the seven days preceding the date of the survey as the reference period.
3. The usual status approach to measure unemployment fails to capture the short- term fluctuations in employment.
Which of the statements given above is/are correct?
- a)Only one Statement
- b)Only two Statements
- c)All the three Statements
- d)None of the Above
Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regardingthe approaches used to meas...
- The National Sample Survey Organization (NSSO) provides three different estimates of employment and unemployment based on different approaches / reference periods used to classify an individual’s activity status. These are the o Usual status approach with a reference period of 365 days preceding the date of survey. Hence statement 1 is not correct.
- Current weekly status approach with a reference period of seven days preceding the date of survey o Current daily status approach with each day of the seven days preceding date of survey as the reference period. Hence statement 2 is correct.
- The Usual Status approach to measuring unemployment uses a reference period of 365 days i.e. one year preceding the date of the survey of NSSO for measuring unemployment. This approach records only those persons as unemployed who had no gainful work for a major time during the 365 days preceding the date of the survey and are seeking or are available for work. Thus, the estimates of unemployment obtained on the basis of the usual status approach are expected to capture long-term unemployment.
- The usual status approach to measuring unemployment fails to capture the short-term fluctuations in employment and unemployment caused due to seasonality in labour markets. However, Current Weekly Status (CWS) measures these short-term fluctuations very well owing to its shorter reference period of a week. Hence statement 3 is correct.
- The Current Weekly Status (CWS) approach to measuring unemployment uses seven days preceding the date of the survey as the reference period.
- A person is considered to be employed if he or she pursues any one or more of the gainful activities for at least one-hour on any day of the reference week. On the other hand, if a person does not pursue any gainful activity, but has been seeking or available for work, the person is considered as unemployed.
- The current daily status approach to measuring unemployment seeks to ascertain the activity status of an individual for each day of the reference week. It reports time disposition of an individual on each day of the reference week. This means that in addition to recording the activity being pursued, time-intensity is also recorded in quantitative terms for each day of the reference week.
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Consider the following statements regardingthe approaches used to meas...
Statement 1: Usual status approach to measure unemployment uses seven days preceding the date of the survey as the reference period.
Statement 2: Current daily status approach to measure unemployment uses each day of the seven days preceding the date of the survey as the reference period.
Statement 3: The usual status approach to measure unemployment fails to capture the short-term fluctuations in employment.
The correct answer is Option B, which means only Statement 2 and Statement 3 are correct.
Explanation:
Statement 1: The usual status approach to measure unemployment actually uses a reference period of one week or seven consecutive days preceding the date of the survey. This allows for consistency in data collection and comparison over time. However, this statement is incorrect because it mentions that the reference period is the "seven days preceding the date of the survey," which is redundant since the usual status approach already specifies a one-week reference period.
Statement 2: The current daily status approach to measure unemployment indeed uses each day of the seven days preceding the date of the survey as the reference period. This approach provides a more detailed picture of unemployment fluctuations as it captures daily fluctuations in employment status. By considering each day separately, it allows for a more accurate assessment of the labor market dynamics. Hence, Statement 2 is correct.
Statement 3: The usual status approach to measure unemployment is indeed limited in capturing short-term fluctuations in employment. Since it considers a one-week reference period, it may overlook temporary changes in employment status that occur within that week. For example, someone who is employed for six days but becomes unemployed on the seventh day would not be captured as unemployed under the usual status approach. Therefore, Statement 3 is correct.
In summary, Statement 2 and Statement 3 are correct, while Statement 1 is incorrect.
Statement 2: Current daily status approach to measure unemployment uses each day of the seven days preceding the date of the survey as the reference period.
Statement 3: The usual status approach to measure unemployment fails to capture the short-term fluctuations in employment.
The correct answer is Option B, which means only Statement 2 and Statement 3 are correct.
Explanation:
Statement 1: The usual status approach to measure unemployment actually uses a reference period of one week or seven consecutive days preceding the date of the survey. This allows for consistency in data collection and comparison over time. However, this statement is incorrect because it mentions that the reference period is the "seven days preceding the date of the survey," which is redundant since the usual status approach already specifies a one-week reference period.
Statement 2: The current daily status approach to measure unemployment indeed uses each day of the seven days preceding the date of the survey as the reference period. This approach provides a more detailed picture of unemployment fluctuations as it captures daily fluctuations in employment status. By considering each day separately, it allows for a more accurate assessment of the labor market dynamics. Hence, Statement 2 is correct.
Statement 3: The usual status approach to measure unemployment is indeed limited in capturing short-term fluctuations in employment. Since it considers a one-week reference period, it may overlook temporary changes in employment status that occur within that week. For example, someone who is employed for six days but becomes unemployed on the seventh day would not be captured as unemployed under the usual status approach. Therefore, Statement 3 is correct.
In summary, Statement 2 and Statement 3 are correct, while Statement 1 is incorrect.
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Consider the following statements regardingthe approaches used to measureunemployment:1. Usual status approach to measureunemployment uses seven dayspreceding the date of the survey as thereference period.2. Current daily status approach to measureunemployment uses each day of theseven days preceding the date of thesurvey as the reference period.3. The usual status approach to measureunemployment fails to capture the short- term fluctuations in employment.Which of the statements given above is/arecorrect?a)Only one Statementb)Only two Statementsc)All the three Statementsd)None of the AboveCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regardingthe approaches used to measureunemployment:1. Usual status approach to measureunemployment uses seven dayspreceding the date of the survey as thereference period.2. Current daily status approach to measureunemployment uses each day of theseven days preceding the date of thesurvey as the reference period.3. The usual status approach to measureunemployment fails to capture the short- term fluctuations in employment.Which of the statements given above is/arecorrect?a)Only one Statementb)Only two Statementsc)All the three Statementsd)None of the AboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regardingthe approaches used to measureunemployment:1. Usual status approach to measureunemployment uses seven dayspreceding the date of the survey as thereference period.2. Current daily status approach to measureunemployment uses each day of theseven days preceding the date of thesurvey as the reference period.3. The usual status approach to measureunemployment fails to capture the short- term fluctuations in employment.Which of the statements given above is/arecorrect?a)Only one Statementb)Only two Statementsc)All the three Statementsd)None of the AboveCorrect answer is option 'B'. Can you explain this answer?.
Consider the following statements regardingthe approaches used to measureunemployment:1. Usual status approach to measureunemployment uses seven dayspreceding the date of the survey as thereference period.2. Current daily status approach to measureunemployment uses each day of theseven days preceding the date of thesurvey as the reference period.3. The usual status approach to measureunemployment fails to capture the short- term fluctuations in employment.Which of the statements given above is/arecorrect?a)Only one Statementb)Only two Statementsc)All the three Statementsd)None of the AboveCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regardingthe approaches used to measureunemployment:1. Usual status approach to measureunemployment uses seven dayspreceding the date of the survey as thereference period.2. Current daily status approach to measureunemployment uses each day of theseven days preceding the date of thesurvey as the reference period.3. The usual status approach to measureunemployment fails to capture the short- term fluctuations in employment.Which of the statements given above is/arecorrect?a)Only one Statementb)Only two Statementsc)All the three Statementsd)None of the AboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regardingthe approaches used to measureunemployment:1. Usual status approach to measureunemployment uses seven dayspreceding the date of the survey as thereference period.2. Current daily status approach to measureunemployment uses each day of theseven days preceding the date of thesurvey as the reference period.3. The usual status approach to measureunemployment fails to capture the short- term fluctuations in employment.Which of the statements given above is/arecorrect?a)Only one Statementb)Only two Statementsc)All the three Statementsd)None of the AboveCorrect answer is option 'B'. Can you explain this answer?.
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