In the given passage, a few words are missing, each followed by a serial number. Choose the most appropriate word from the options provided that fits ...

In the given passage, a few words are missing, each followed by a serial number. Choose the most appropriate word from the options provided that fits into the blank without changing the intended meaning.

Economic development and growth are supposed to ______________ (1) the employment situation in a country. Much of development literature _______________(2) this idea as a major expectation at least from the long-run perspective. It is also the case that the greater the amount of ________________ (3) labour in an economy and the greater the ________________(4) of underemployment, the slower will be the pace of change in the employment structure towards more regular and protected waged forms of employment. In fact, one can only give a proper perspective to the misunderstood policy challenges of __________________ (5) in a developing economy by first examining these matters at the broadest level with existing data.