Question

What is a sectoral composition of an economy? 

पर्याय

• The sectoral composition of an economy is the contribution of different sectors to total GDP of an economy during a year.

• The share of agricultural sector, industrial sector and service sector in GDP.

• Both The sectoral composition of an economy is the contribution of different sectors to the total GDP of an economy during a year and the share of the agricultural sector, industrial sector, and service sector in the GDP.

• None of the above

Answer 1

Both The sectoral composition of an economy is the contribution of different sectors to the total GDP of an economy during a year and the share of the agricultural sector, industrial sector, and service sector in the GDP.

Explanation:

The contribution of various sectors to an economy's overall GDP over the course of a year is known as its sectoral composition. That is the GDP proportion of the agriculture, industrial, and service sectors.