Consider the following statements:
Statement- I: K-shaped recovery refers to an economic recovery where different sectors or groups of the economy recover at different rates.
Statement- II: In a K-shaped recovery, some sectors experience strong growth while others continue to struggle or decline.
Which one of the following is correct in respect of the above statements?
1
Both Statement- I and Statement- II are correct and Statement- II explains Statement- I
2
Both Statement- I and Statement- II are correct, but Statement- II does not explain Statement- I
3
Statement- I is correct, but Statement- II is incorrect
4
Statement- I is incorrect, but Statement- II is correct