The ‘activity rate’ of an economy depends upon so many factors, such as :
School leaving age
Popularity of higher education
Social customs
Retirement age
Code :
Options:
A . 2 and 3
B . 2, 3 and 4
C . 1 and 2
D . 1, 2, 3 and 4
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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