Economics · Employment and Growth
Which of the following is the correct definition of 'jobless growth'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is an economic phenomenon in which an economy experiences a decreasing rate of GDP contraction.
- 2It is an economic phenomenon in which an economy experiences a low level of absolute output in a relative term.
- 3It is an economic phenomenon in which an economy experiences growth while maintaining or decreasing its level of employment.✓
- 4It is an economic phenomenon in which an economy experiences decreasing level of total output.
Correct answer
It is an economic phenomenon in which an economy experiences growth while maintaining or decreasing its level of employment.
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