The term 'Disguised Unemployment' is commonly associated with:
A. Agricultural sector
B. Industrial sector
C. Service sector
D. Information technology sector
Answer: Option A
Solution (By JKSSB Mock Tests)
Disguised unemployment is prevalent in the agricultural sector of developing countries where more people are engaged in work than are actually required, with marginal productivity close to zero.
Explanation:
Fiscal deficit = Total expenditure − (Revenue receipts + Non-debt capital receipts). It indicates the total borrowing requirement of the government.
Explanation:
The opportunity cost of holding money is the interest income that could have been earned by holding interest-bearing assets instead of cash.
No comments yet. Be the first to start the discussion!