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2 Questions

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Economic Growth and Employment in India

Created by

@WillingBodhran

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Questions and Answers

What does GDP Growth indicate?

A decrease in the production of goods and services.

A decline in consumer spending.

A stagnation in job opportunities.

An increase in a country's production over time. (correct)

How does GDP Growth relate to employment growth in the context of India from 1950 to 2010?

GDP continued to increase while employment growth slowed down. (correct)

There was no correlation between GDP and employment.

Both GDP and employment growth increased at the same rate.

Employment growth outpaced GDP growth dramatically.

Study Notes

Economic Growth and Employment

GDP Growth: Increase in the production of goods and services within a country, typically measured as GDP.
Employment Growth: Increase in the number of jobs available for people within a country.
India's Experience: From 1950 to 2010, India's GDP grew, but employment growth was slower, particularly after the 1990s. Fewer jobs were created compared to economic growth.

Questions for Evaluation

How did the economic reforms of the 1990s impact employment growth in India?
What are the potential causes and consequences of this disconnect between GDP growth and employment growth in India?

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Description

Explore the relationship between GDP growth and employment growth in India from 1950 to 2010. This quiz examines the impact of the economic reforms of the 1990s and the potential causes of the disconnect between economic growth and job creation.