Question:
Full employment level of income of an economy is that level of income where:
Full employment level of income of an economy is that level of income where:
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Full employment occurs when an economy operates at its highest possible output, utilizing all its resources efficiently.
Updated On: Nov 5, 2025
- Labour is in full employment
- All means of production are fully employed
- Annual income of the economy is 5 trillion dollars
- All citizens have sufficient income
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The Correct Option is B
Solution and Explanation
Full employment refers to the utilization of all available resources, including labor and capital, to their maximum productive potential without unemployment.
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