Question
The ‘activity rate’ of an economy depends upon so many factors, such as :
Code :
- School leaving age
- Popularity of higher education
- Social customs
- Retirement age
Code :
Answer: Option D
Answer: (d)
The labour force of an economy is known as the activity rate (also called the participation rate).
It is shown in per cent and always as a proportion of an economy. The concept of the ‘demographic dividend’ is related to this rate.
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Answer: (d)
The labour force of an economy is known as the activity rate (also called the participation rate).
It is shown in per cent and always as a proportion of an economy. The concept of the ‘demographic dividend’ is related to this rate.
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