ECONOMICS (CBSE/UGC NET)

ECONOMICS

GDP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Our current labor force is roughly 165 million people
A
T
B
F
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Labor force, total in India was reported at 476670190 in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India-Labor force, total-actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2023.

Detailed explanation-2: -In 2022, about 62.2 percent of the American population, eligible to work, participated in the job market.

Detailed explanation-3: -The full-time labor force is the sum of the full-time employed and unemployed. The part-time labor force is the sum of the part-time employed and unemployed. Unemployment rates for full-and part-time workers are calculated using the full-and part-time labor force levels as the denominator.

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