Question

Consider the following statements regarding

Q: Consider the following statements regarding ‘employment elasticity’: 1. It is a measure of the p

Employmentelasticityisameasureofthepercentagechangeinemploymentassociatedwitha1percentagepointchangeineconomicgrowth

‘employment elasticity’: 1. It is a measure of the percent change in employment associated with a unit percentage point change in economic growth. 2. Construction has higher employment elasticity than agriculture. 3. Employment elasticity is a measure of the percentage change in employment associated with a 10% point change in economic growth. Which of the statements given above is/are incorrect?

A 1 only

B 2 only

C 3 only

D Both 1 and 2

E Both 2 and 3

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