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The objective of PLFS is primarily twofold: to estimate the key employment and unemployment indicators (viz. Worker Population Ratio, Labour Force Participation Rate, Unemployment Rate) in the short time interval of three months for the urban areas only in the ‘Current Weekly Status’ (CWS). to estimate employment and unemployment indicators in both ‘Usual Status’ (ps+ss) and CWS in both rural and urban areas annually. Three Annual Reports covering both rural and urban areas giving estimates of all important parameters of employment and unemployment in both usual status (ps+ss) and current weekly status (CWS) have been released. These three Annual Reports are brought out on the basis of data collected in PLFS during July 2017- June 2018, July 2018-June 2019 and July 2019-June 2020. Now the fourth Annual Report is being brought out by NSO on the basis of Periodic Labour Force Survey conducted during July 2020-June 2021. Usual Principal Status (PS): The activity status on which a person has spent relatively longer time (183 days or more) during the period is considered the usual principal activity status of the person. A person unemployed under this approach indicates chronic unemployment. The Current Weekly Status (CWS) approach to measuring unemployment uses seven days preceding the date of survey as the reference period. A person is considered to be employed if he or she pursues any one or more of the gainful activities for at least one-hour on any day of the reference week. On the other hand, if a person does not pursue any gainful activity, but has been seeking or available for work, the person is considered as unemployed.
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GDP at market price is given by?
Lorenz Curve is given by:
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Z = Max (4x1 + 5x2 + 7x3)
s.t. 3x1 + x2 + 6x3 <= 3
x1 + 2x2 + x...
A country imposes a 10% tariff on imported vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that u...
Which of the following is not correct regarding adjusted R2?
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