GDP

Explain the measures to solve unemployment problems.

What is the full form of GNP?

Why is unemployment in India considered to be a chronic problem?

"School dropouts are giving way to child labour". Discuss how this a loss to human capital.

It has been realised that the labour force participation rate is very low in India. As an economist, suggest the measures to raise labour force participation rate.

Persons who are engaged in economic activities are termed as workers and they constitute the workforce.

1. True

2. False

Compared to the 1970s, there has hardly been any change in the distribution of workforce across various industries. Comment.

1. All goods and services
2. All final goods and services
3. All countable goods
4. All intermediate goods and services

1. True
2. False

1. consumption capital
2. public capital
3. production capital
4. private capital

1. Interest
2. Wages
3. Rent
4. Profit

What is the difference between economic activities and non-economic activities?

1. national pricing
   
2. national budget
3. national income
4. national education
   

1. 1 and 2
2. 1 and 3
3. 2 and 3
4. 1, 2 and 3

1. moderate
2. lowest
3. quite high
4. quite low

What does participation rate measure?

1. The participation rate measures the number of people in the age group of 15-39 years who are actively employed.

2. The participation rate measures the percentage of workforce engaged in economic activites.

3. The participation rate measures the active portion of an economy's labor force.

4. The participation rate measures the number of people who are looking for work.

1. national income
2. per capita income
3. net income
4. personal income

[dummy - to be replaced with video] Why do people work?

1. To support dependents

2. To get sense of self-worth

3. All of the above

4. To earn living

1. Study of firms
2. Aggregate profits of a firm
3. Market demand for a product
4. Net national product

1. generally low but sometimes moderate
2. generally low but sometimes high.
3. generally high
4. generally low

1. Labour differs in efficiency
2. Labour cannot be accumulated
3. Labour and labourer are separate
4. Supply of labour varies with time