Explains GDP and explain the shares of three sectors in GDP.
Answers
Answer:
(a) Share of sectors in GDP for 1950 Total GDP of three sectors =(80000+19000+39000) = ` 138000 crore Share of primary sector = 57.97% Share of secondary sector = 13.76% Share of tertiary sector = 28.26% (b) Share of sectors in GDP for 2000 Total GDP of three sectors = `1149000 crore Share of primary sector = 27.33 ...
Explanation:
I hope this answer help you. Follow for more answers.
Answer:
Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate.
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).