Social Sciences, asked by priyanshu2574, 1 year ago

there has been change in GDP but why not in employment explain

Answers

Answered by paruljain067
0
One version of Okun's law has stated very simply that when unemployment falls by 1%, GNP rises by 3%. Another version of Okun's law focuses on a relationship between unemployment and GDP, whereby a percentage increase in unemployment causes a 2% fall in GDP.
Answered by yagnyashree
1

GDP means gross domestic product it means that the total value of goods and services produced within in a year in a country

EMPLOYMENT includes several factors of the opportunities

Either the new educated people are not enough for jobs or they have to be self employed so there is a change in GDP

Hope it helps :-)

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