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Employment Growth Informalisation Other Issues — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsEmployment Growth Informalisation Other Issues1 Mark
Question
The formula to calculate workforce participation ratio is:
  1. $\frac{\text{(Workforce)}}{\text{Total population}}\times100$
  2. $\frac{(\text{Number of unemployed persons)}}{\text{Labour force}}\times100$
  3. Workforce + Number of people who are willing to work but are unemployed.
  4. $\frac{(\text{Workforce)}}{\text{Labour force}}\times100$
✓

Answer

  1. Workforce + Number of people who are willing to work but are unemployed.

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