Question

explain GDP and explain how it includes with the three sectors..... economics class 9

Answer 1

gdp=gross domestic product it is the monetary value of all the finished good and services produced within a country border Inna specific time period and our economic activities are divided into three types primary secondary and tertiary sector . primary sector agriculture is the most labour absorbing sector of the economy in the recent yearsthere has been a decline in the dependence population on agriculture party because of disguised unemployment some of the surplus labour in agriculture has moved to either the second and tertiary sector. secondary sector= the small scale manufacturing is the most labour absorbing. tertiary sector= various new services and now appearing like biotechnology. information technology, media and so on (if this is helpful tell me on comment box thank you)