Question

3. The production of goods and services in all the three sectors is done on a large scale. The three sectors involve a very large number of people working under them. To assess the level of development in an economy, it is important to compare and contrast the production and level of employment of these sectors. Not all sectors contribute equally. One sector generally plays a dominant role. The contribution of each sector can be assessed on the basis of GDP and changes in the sectors over the years.

Primary sector has become important for this reason:

(a) This sector contributes about 25% to the GDP of India.

(b) It ensures security of employment.

(c) Only final goods and services are to be considered while calculating GDP.

(d) It provides cheap loans to the self-employed people.​

Answer 1

Answer:

(c) only final goods and services are to be considered while calculating GDP.