Lesson eLearning

According to the Periodic Labour Force Survey, informal employment was 236 million in 2011-12 and rose to 280 million in 2020-21. What is the percentage increase in informal employment over this period?

medium MCQ 2 marks Class 12 · Economics · Employment Growth Informalisation and Other Issues
  1. 15.2% increase
  2. 18.64% increase
  3. 21.5% increase
  4. 24.0% increase
Answer
18.64% increase

The correct answer is 18.64% increase — Round off to two decimal places to get 18.64%.

Step-by-step solution

  1. Write down the initial value (I) = 236 million and the final value (F) = 280 million.
  2. Calculate the absolute increase: Δ = F - I = 280 - 236 = 44 million.
  3. Find the percentage increase using the formula: % increase = (Δ / I) × 100.
  4. Substitute the numbers: (44 / 236) × 100 = 0.18644 × 100 = 18.644%.
  5. Round off to two decimal places to get 18.64%.
Common mistake: Using the final value as the denominator instead of the initial value.

Concept tested: Percentage change in employment

Published · How this solution was prepared and checked

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