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In case of India, statistically, the unemployment rate is low. Consider the following statements about unemployment.
1. The unemployment ratio is calculated only from the working age population, who are in the age group of 15 years to 59 years.
2. Unemployment is said to exist, when any of the persons in the workforce population cannot find jobs.
3. The main reason for the unemployment is the people who are not interested in working outside the domestic domain.
Select the incorrect ones
Only 3
2 and 3
Only 2
All of these
Unemployment is said to exist when people who are willing to work at the going wages cannot find jobs. Those who are not interested in working outside the domestic domain, are not considered unemployed.
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