Consider the following statements regarding Worker Population ratio 1 It is used for analysing...........

Consider the following statements regarding Worker-Population ratio:

1.It is used for analysing the employment situation in the country.

2.It is useful in knowing the proportion of population which is actively contributing to the production of goods and services of a country.

3.If the ratio is higher, it means that the engagement of people is low.

Which of the statements given above is/are correct?

1 and 3 only

3 only

1 and 2 only

1,2 and 3 only

Explanation:

·Worker-population ratio is an indicator which is used for analysing the employment situation in the country. This ratio is useful in knowing the proportion of population that is actively contributing to the production of goods and services of a country. If the ratio is higher, it means that the engagement of people is greater; if the ratio for a country is medium, or low, it means that a very high proportion of its population is not involved directly in economic activities.