Employment Elasticity
Economics ⇒ Employment and Unemployment
Employment Elasticity starts at 11 and continues till grade 12.
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A country experiences high GDP growth but low employment growth. What can be inferred about its employment elasticity?
A sector has an employment elasticity of 1. What does this imply?
Define employment elasticity.
Describe one reason why the service sector in India may have lower employment elasticity compared to the construction sector.
Describe the relationship between automation and employment elasticity.
Explain how employment elasticity can guide government investment decisions.
Explain how labour market reforms can affect employment elasticity.
Explain why employment elasticity is important for policymakers.
Which of the following best describes a situation where employment elasticity is zero? (1) Employment increases with output, (2) Employment remains unchanged despite output growth, (3) Employment decreases as output increases, (4) Employment increases faster than output.
Which of the following best describes the impact of capital-intensive technology on employment elasticity? (1) Increases elasticity, (2) Decreases elasticity, (3) No effect, (4) Makes elasticity negative
Which of the following best describes the trend of employment elasticity in India's manufacturing sector in recent decades? (1) Increasing, (2) Decreasing, (3) Constant, (4) Fluctuating wildly
Which of the following is a limitation of using employment elasticity as an indicator? (1) It ignores quality of employment, (2) It is difficult to calculate, (3) It is not used by policymakers, (4) It always overestimates employment
Employment elasticity is calculated as the percentage change in employment divided by the percentage change in ________.
Fill in the blank: Employment elasticity helps in understanding the ______-creating potential of economic growth.
Fill in the blank: Employment elasticity is a _______ concept used in labour economics.
Fill in the blank: Employment elasticity is often used to assess the _______ of economic growth.
True or False: A negative employment elasticity indicates that employment falls as output rises.
True or False: A sector with high employment elasticity will always have high wages.
True or False: Employment elasticity can be different for the same sector in different countries.
True or False: Employment elasticity can be used to compare job creation across different sectors.
