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  9. Q23

KPSC KAS 2017 · Question 23 of 200

The employment elasticity refers to which of the following ?

Indian Economy

  1. APercentage change in employment with 1% point change in economic growthCorrect
  2. BCreation of jobs per unit of investment
  3. CCreation of jobs per unit of unemployed people
  4. DNone of the above

Answer: A. Percentage change in employment with 1% point change in economic growth

Explanation

Employment elasticity is the percentage change in employment associated with a one percentage point change in economic growth.

Source: KPSC Gazetted Probationers Prelims 2017, Paper-I (General Studies, subject code 261), Series A

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