Economy

What is the correct description of Labour force?

A people working or actively seeking and available for work under the statistical definition
B Only students
C Entire population
D Only employed people

Which of the following is most closely associated with Labour force?

A Only employed people
B Entire population
C people working or actively seeking and available for work under the statistical definition
D Only students

In Indian economic terminology, Labour force refers to:

A Only students
B Entire population
C Only employed people
D people working or actively seeking and available for work under the statistical definition

Which statement about Labour force is correct?

A Only employed people
B Only students
C people working or actively seeking and available for work under the statistical definition
D Entire population

What is the correct description of Labour force participation rate?

A Wages as share of income
B Unemployment as share of GDP
C Employment as share of exports
D labour force as a share of the relevant working-age population

Which of the following is most closely associated with Labour force participation rate?

A labour force as a share of the relevant working-age population
B Wages as share of income
C Employment as share of exports
D Unemployment as share of GDP

In Indian economic terminology, Labour force participation rate refers to:

A Employment as share of exports
B Unemployment as share of GDP
C labour force as a share of the relevant working-age population
D Wages as share of income

Which statement about Labour force participation rate is correct?

A labour force as a share of the relevant working-age population
B Unemployment as share of GDP
C Employment as share of exports
D Wages as share of income

What is the correct description of Business cycle?

A recurring fluctuations in overall economic activity
B Only seasonal farming
C Only exchange rates
D Only inflation

Which of the following is most closely associated with Business cycle?

A Only inflation
B recurring fluctuations in overall economic activity
C Only exchange rates
D Only seasonal farming

In Indian economic terminology, Business cycle refers to:

A Only seasonal farming
B Only exchange rates
C Only inflation
D recurring fluctuations in overall economic activity

Which statement about Business cycle is correct?

A Only seasonal farming
B Only exchange rates
C recurring fluctuations in overall economic activity
D Only inflation

What is the correct description of Recession?

A Price stability
B a significant broad-based decline in economic activity
C Economic boom
D Full employment

Which of the following is most closely associated with Recession?

A Economic boom
B Price stability
C a significant broad-based decline in economic activity
D Full employment

In Indian economic terminology, Recession refers to:

A a significant broad-based decline in economic activity
B Price stability
C Economic boom
D Full employment

Which statement about Recession is correct?

A Economic boom
B Price stability
C a significant broad-based decline in economic activity
D Full employment

What is the correct description of Peak?

A Deflation
B the upper turning point of a business cycle
C Lowest point
D Recovery phase

Which of the following is most closely associated with Peak?

A Recovery phase
B the upper turning point of a business cycle
C Deflation
D Lowest point

In Indian economic terminology, Peak refers to:

A the upper turning point of a business cycle
B Deflation
C Lowest point
D Recovery phase

Which statement about Peak is correct?

A Lowest point
B Recovery phase
C Deflation
D the upper turning point of a business cycle

What is the correct description of Trough?

A Inflation target
B Expansion peak
C Highest point
D the lower turning point of a business cycle

Which of the following is most closely associated with Trough?

A Highest point
B Inflation target
C the lower turning point of a business cycle
D Expansion peak

In Indian economic terminology, Trough refers to:

A the lower turning point of a business cycle
B Expansion peak
C Inflation target
D Highest point

Which statement about Trough is correct?

A Highest point
B Inflation target
C Expansion peak
D the lower turning point of a business cycle

What is the correct description of Potential GDP?

A Nominal GDP
B Actual GDP in every year
C Fiscal deficit
D the level of output consistent with sustainable normal resource utilisation