If the number employed grows faster than the population,then the
A)Living standard will fall.
B)Growth rate of GDP will fall.
C)Living standard will rise.

Question

Quizplus · Accepted Answer

If the number employed grows faster than the population, it means that the labor force participation rate is increasing. This means that more people are actively seeking employment and contributing to the economy. As the workforce expands, productivity and output increase, which leads to economic growth. This, in turn, creates more job opportunities and higher wages, ultimately raising the living standard of the population.

If the Number Employed Grows Faster Than the Population,then the