MC21 What is the impact of a lack of job creation on the Indian economy?
A. Reduced economic growth
B. Reduced consumption
C. Increased inequality
D. All of the above
Answer:D
MC21 What is the impact of a lack of job creation on the Indian economy?
A. Reduced economic growth B. Reduced consumption C. Increased inequality D. All of the above
Explanation: A lack of job creation can have a range of impacts on the Indian economy. When jobs are scarce, it can reduce economic growth, as workers may not have the resources needed to participate fully in the economy. Additionally, a lack of job creation can reduce consumption, as workers may not have the income needed to purchase goods and services. Finally, a lack of job creation can increase inequality, as those without jobs may fall further behind those with jobs.