Consider the following statements regarding Labour Force Participation Rates LFPR 1 It is obtained b...........

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Consider the following statements regarding Labour Force Participation Rates (LFPR):

1.It is obtained by dividing the number of persons in the labour force by total population.

2.The LFPR for women is significantly lower than that for males in both rural and urban areas.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Statement 1 is correct. The Labour Force Participation Rate (LFPR) is obtained by dividing the number of persons in the labour force by total population. LFPR is an important parameter in employment projections and formulation of employment strategies.

Statement 2 is Correct. The LFPR for women is significantly lower than that for males in both rural and urban areas. The Fourth Annual Employment-Unemployment Survey conducted by the Labour Bureau during the period January 2014 to July 2014 has shown that the Labour Force Participation Rate (LFPR) is 52.5 % for all persons with male around 55% and female at 24%.