Question:
Suppose an economy is experiencing a situation of rise in Real Gross Domestic Product (GDP), without any corresponding rise in employment opportunities. In economic parlance, such a situation is termed as _________ growth. (Choose the correct option to fill in the blank)
Suppose an economy is experiencing a situation of rise in Real Gross Domestic Product (GDP), without any corresponding rise in employment opportunities. In economic parlance, such a situation is termed as _________ growth. (Choose the correct option to fill in the blank)
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Jobless growth means rising output without adequate employment generation.
Updated On: Jul 1, 2025
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The Correct Option is D
Solution and Explanation
A situation where GDP grows but employment opportunities do not rise proportionally is called jobless growth. It indicates economic growth without the benefit of creating new jobs for the population.
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