Question : In India, unemployment is calculated based on which of the following criteria?
Option 1: Age
Option 2: Gender
Option 3: Education
Option 4: All of the above
Correct Answer: All of the above
Solution : The correct answer is (d) All of the above
In India, unemployment is calculated based on multiple criteria, including age, gender, and education. The calculation of unemployment takes into account various demographic characteristics to provide a comprehensive understanding of the labor market dynamics and the employment situation in the country.
Age is an important factor considered in unemployment calculations as it helps analyze the employment situation among different age groups, such as youth unemployment rates or unemployment rates among older workers.
Gender is another criterion considered to understand the gender disparities in the labor market. Unemployment rates for men and women are often calculated separately to assess the gender-specific employment challenges and opportunities. Education is also a significant criterion in unemployment calculations. Unemployment rates are often broken down by educational attainment levels, such as primary, secondary, and tertiary education, to analyze the relationship between education and employment outcomes.
By considering age, gender, and education, policymakers and analysts can gain insights into the specific challenges faced by different segments of the population and design targeted interventions and policies to address unemployment and promote inclusive economic growth.
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