Economics · Employment Elasticity
Consider the following statements regarding employment elasticity: I. It measures the percentage change in employment associated with a percentage change in output. II. A value of employment elasticity equal to zero implies that output may grow without any increase in employment. III. An employment elasticity greater than one necessarily implies a proportionate rise in labour productivity. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and III only
- 3II and III only
- 4I and II only✓
Correct answer
I and II only
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