Question

Read the following statements carefully:
Statement 1: Employment is an activity which enables a person to earn means of livelihood for his/her family.
Statement 2: A worker is one who contributes to the process of Gross Domestic Product (GDP) by rendering his productive services.

• A. Statement 1 is true and Statement 2 is false.
• B. Statement 1 is false and Statement 2 is true.
• C. Both Statements 1 and 2 are true.
• D. Both Statements 1 and 2 are false.

Hint:

Employment and work are fundamental components of economic production and contribute to the GDP through productive services.

Answer 1

The Correct Option is C

Both statements are correct. Employment is indeed an activity that provides livelihood, and a worker contributes to GDP by producing goods and services for the economy.