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Sectoral distribution of GDP index measures___________
- a)Agriculture development of a country
- b)Economic development of a country
- c)Social development of a country
- d)Socio Economic development of a country
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Sectoral distribution of GDP index measures___________a)Agriculture d...
Explanation:
Sectoral distribution of GDP index measures:
- This index measures the economic development of a country based on the contribution of different sectors to the Gross Domestic Product (GDP).
- It provides insights into the relative importance of sectors such as agriculture, industry, and services in the overall economy.
Economic development of a country:
- The sectoral distribution of GDP index reflects the economic development of a country as it shows the diversification of the economy.
- A balanced distribution across sectors indicates a more developed and resilient economy.
- A high contribution from the industrial and services sector often signifies a shift towards a more advanced and modern economy.
Importance of sectoral distribution of GDP index:
- It helps policymakers and economists understand the structure of the economy and identify areas for growth and improvement.
- By analyzing the trends in sectoral contributions, governments can formulate policies to promote certain sectors and boost overall economic development.
In conclusion, the sectoral distribution of GDP index is a crucial measure of economic development as it reflects the relative importance of different sectors in the economy and helps in assessing the overall health and growth potential of a country's economy.
Sectoral distribution of GDP index measures:
- This index measures the economic development of a country based on the contribution of different sectors to the Gross Domestic Product (GDP).
- It provides insights into the relative importance of sectors such as agriculture, industry, and services in the overall economy.
Economic development of a country:
- The sectoral distribution of GDP index reflects the economic development of a country as it shows the diversification of the economy.
- A balanced distribution across sectors indicates a more developed and resilient economy.
- A high contribution from the industrial and services sector often signifies a shift towards a more advanced and modern economy.
Importance of sectoral distribution of GDP index:
- It helps policymakers and economists understand the structure of the economy and identify areas for growth and improvement.
- By analyzing the trends in sectoral contributions, governments can formulate policies to promote certain sectors and boost overall economic development.
In conclusion, the sectoral distribution of GDP index is a crucial measure of economic development as it reflects the relative importance of different sectors in the economy and helps in assessing the overall health and growth potential of a country's economy.
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Sectoral distribution of GDP index measures___________a)Agriculture d...
Sectoral distribution of GDP broadly involves growth across primary, secondary and tertiary industries. So it represents the annual growth in each of these sectors, thus highlighting the economic development in the country.
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Sectoral distribution of GDP index measures___________a)Agriculture development of a countryb)Economic development of a countryc)Social development of a countryd)Socio Economic development of a countryCorrect answer is option 'B'. Can you explain this answer?
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