ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the ratio of people without a job in the world?
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400 million people
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1 of 6 people
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14 per cent
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Just a bunch
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Explanation:
Detailed explanation-1: -Overall, global unemployment is projected to reach 208 million people in 2023, with an unemployment rate of 5.8%.
Detailed explanation-2: -labor force = number of persons unemployed / unemployment rate = 6 million / 6% = 100 million.
Detailed explanation-3: -The unemployment rate measures the share of workers in the labor force who do not currently have a job but are actively looking for work.
Detailed explanation-4: -The unemployment rate in India in 2021 was 5.98%, down 2.02% from the previous year. The unemployment rate in India for 2020 was 8.00%, up 2.73% from the previous year. The unemployment rate in India for 2019 was 5.27%, down 0.06% from 2018.
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