Question : Assertion: Economic growth can lead to a reduction in unemployment.
Reason: Increased investment and business expansion creates more job opportunities.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion states that economic growth can lead to a reduction in unemployment, which is true. Economic growth typically indicates an expansion of business activities, increased investment, and overall improvement in the economic conditions of a country. This expansion and investment create more job opportunities, thereby reducing unemployment.
The reason provided supports the assertion by explaining that increased investment and business expansion lead to the creation of more job opportunities. This explanation aligns with the concept that economic growth stimulates job creation and can help reduce unemployment rates.
Therefore, both the assertion and reason are true, and the reason correctly explains the assertion.
Question : Assertion: Economic growth alone is sufficient to eliminate poverty.
Reason: Economic growth leads to increased income levels, resulting in poverty reduction.
Question : Assertion: Investment in human capital leads to sustainable economic growth.
Reason: A skilled workforce enhances productivity and innovation, driving economic development.
Question : Assertion: Macroeconomics focuses on the overall performance and behavior of the economy as a whole.
Reason: Macroeconomics examines aggregate variables such as inflation, unemployment, and economic growth.
Option 1: Both the assertion and reason are true, and the reason is a correct explanation of the assertion.
Option 2: Both the assertion and reason are true, but the reason is not a correct explanation of the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Question : Assertion: Investment in human capital leads to reduced poverty rates.
Reason: Human capital development creates opportunities for individuals to escape poverty through better employment prospects.
Question : Assertion: Investment in human capital contributes to sustainable development.
Reason: A skilled workforce enhances the overall well-being of society and promotes long-term economic growth.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile