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Arrange in the right order the contribution of sectors to the GDP from lowest to highest.
- a)Tertiary, Manufacturing, Agriculture
- b)Agriculture, Manufacturing, Tertiary
- c)Agriculture, Tertiary, Manufacturing
- d)Manufacturing, Agriculture, Tertiary,
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Arrange in the right order the contribution of sectors to the GDP fro...
All three sectors of the Indian economy in the FY 2016-17 at the current price
a. Agriculture Sector - 17.32 %
b. Manufacturing - 29.02 %
c. Services Sector - 53.66 %
This question is part of UPSC exam. View all UPSC courses
Most Upvoted Answer
Arrange in the right order the contribution of sectors to the GDP fro...
The Correct Answer is Option B: Agriculture, Manufacturing, Tertiary
Explanation:
The contribution of sectors to the GDP varies from country to country based on their economic structure and development. In general, there are three main sectors that contribute to the GDP - agriculture, manufacturing, and services (tertiary sector). The order of their contribution can vary depending on the country's economic structure and development.
1. Agriculture:
Agriculture is the primary sector of the economy, which involves cultivation of crops, raising livestock, forestry, and fishing. In developing countries, where agriculture is a significant part of the economy, it usually contributes the most to the GDP. However, in developed countries, the contribution of agriculture to the GDP is relatively lower due to the dominance of other sectors.
2. Manufacturing:
Manufacturing is the secondary sector of the economy, which involves the transformation of raw materials into finished goods. As countries develop and industrialize, the contribution of manufacturing to the GDP increases. This is because industrialization leads to increased production, job creation, and technological advancements, which all contribute to economic growth.
3. Tertiary (Services) Sector:
The tertiary sector, also known as the services sector, is the largest and fastest-growing sector in most developed economies. It includes a wide range of industries such as retail, finance, healthcare, education, tourism, and transportation. The tertiary sector contributes to the GDP by providing services to individuals and businesses. In developed countries, the tertiary sector usually contributes the most to the GDP.
Order of Contribution:
Based on the above explanations, the correct order of contribution of sectors to the GDP from lowest to highest is:
1. Agriculture
2. Manufacturing
3. Tertiary (Services) Sector
Therefore, option B - Agriculture, Manufacturing, Tertiary, is the correct answer.
Explanation:
The contribution of sectors to the GDP varies from country to country based on their economic structure and development. In general, there are three main sectors that contribute to the GDP - agriculture, manufacturing, and services (tertiary sector). The order of their contribution can vary depending on the country's economic structure and development.
1. Agriculture:
Agriculture is the primary sector of the economy, which involves cultivation of crops, raising livestock, forestry, and fishing. In developing countries, where agriculture is a significant part of the economy, it usually contributes the most to the GDP. However, in developed countries, the contribution of agriculture to the GDP is relatively lower due to the dominance of other sectors.
2. Manufacturing:
Manufacturing is the secondary sector of the economy, which involves the transformation of raw materials into finished goods. As countries develop and industrialize, the contribution of manufacturing to the GDP increases. This is because industrialization leads to increased production, job creation, and technological advancements, which all contribute to economic growth.
3. Tertiary (Services) Sector:
The tertiary sector, also known as the services sector, is the largest and fastest-growing sector in most developed economies. It includes a wide range of industries such as retail, finance, healthcare, education, tourism, and transportation. The tertiary sector contributes to the GDP by providing services to individuals and businesses. In developed countries, the tertiary sector usually contributes the most to the GDP.
Order of Contribution:
Based on the above explanations, the correct order of contribution of sectors to the GDP from lowest to highest is:
1. Agriculture
2. Manufacturing
3. Tertiary (Services) Sector
Therefore, option B - Agriculture, Manufacturing, Tertiary, is the correct answer.
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