Question

The working-age population of an economy is \(800\) million. Out of these, \(520\) million are employed and \(80\) million are unemployed. The Worker-Population Ratio of the economy is:

• A. \(55%\)
• B. \(60%\)
• C. \(65%\)
• D. \(75%\)

Hint:

LFPR and Worker-Population Ratio are different. LFPR includes employed + unemployed. Worker-Population Ratio includes only employed workers.

Answer 1

The Correct Option is C

Concept: Worker-Population Ratio indicates the proportion of population that is actually employed. It differs from Labour Force Participation Rate because LFPR includes both employed and unemployed persons whereas Worker-Population Ratio includes only employed persons. Formula: \[ \text{Worker-Population Ratio} = \frac{\text{Number of Workers}}{\text{Population}} \times100 \]

Step 1: Extract relevant information. Workers: \[ 520\text{ million} \] Population: \[ 800\text{ million} \]

Step 2: Apply the formula. \[ \frac{520}{800} \times100 \] \[ = 0.65\times100 \] \[ = 65% \]

Step 3: Analyze the role of unemployed persons. Many students mistakenly add unemployed persons. However: \[ \text{Worker-Population Ratio} \] uses only employed workers. Thus: \[ 80\text{ million unemployed} \] is not used directly.

Step 4: Verification. \[ 65%\text{ of }800 = 520 \] Hence the answer is verified.

Step 5: Final conclusion. \[ \boxed{65%} \] Hence, \[ \boxed{\text{Option (C)}} \]