Question : The concept of "jobless growth" refers to:
Option 1: Economic growth without a corresponding increase in employment
Option 2: Economic growth with a significant decrease in unemployment
Option 3: Economic growth without any impact on the labor market
Option 4: Economic growth driven by the services sector
Correct Answer: Economic growth without a corresponding increase in employment
Solution : The correct answer is (a) Economic growth without a corresponding increase in employment
The concept of "jobless growth" refers to a situation where there is economic growth in terms of Gross Domestic Product (GDP) or other economic indicators, but this growth does not result in a proportional increase in employment opportunities. In other words, jobless growth is characterized by economic expansion without a corresponding rise in employment levels.
Jobless growth can have significant implications for the labor market, including high levels of unemployment, underemployment, and income inequality. It highlights the need for policies and strategies that promote inclusive growth, job creation, and skills development to ensure that economic growth is accompanied by sufficient employment opportunities for the workforce.
Option 1: Economic growth without a significant increase in employment opportunities
Option 2: Economic growth driven by the agricultural sector
Option 3: Economic growth accompanied by a decrease in labor force participation
Option 4: Economic growth without any negative impact on the unemployment rate
Question : The concept of "unemployment elasticity" measures:
Option 1: The responsiveness of unemployment to changes in economic growth
Option 2: The relationship between wages and employment levels
Option 3: The impact of labor market regulations on unemployment rates
Option 4: The correlation between educational attainment and unemployment rates
Question : The concept of "residual unemployment" refers to:
Option 1: Unemployment caused by changes in the business cycle
Option 2: Unemployment that remains even at the peak of economic growth
Option 3: Unemployment caused by the lack of job opportunities in rural areas
Option 4: Unemployment caused by the introduction of labor-saving technologies
Question : The concept of "informalization of labor" refers to:
Option 1: The shift from formal employment to self-employment
Option 2: The increase in labor market regulations and protections
Option 3: The integration of the informal sector into the formal economy
Option 4: The migration of workers from rural to urban areas
Question : The concept of "wage employment" refers to:
Option 1: Self-employment in the agricultural sector
Option 2: Employment in the formal sector with regular wages and benefits
Option 3: Seasonal employment in rural areas
Option 4: Employment in the services sector
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