If the contribution of the agricultural sector is decreasing in a country's economy, then what conclusion can be drawn?
A) the country is growing in the direction of being a developed nation
B) the country is moving towards becoming developing nation
C) the country is moving towards becoming less developed nation
D) the economic growth rate of the country has stopped
Correct Answer:
Verified
Q13: To avoid double counting when GDP is
Q14: Personal income includes:
A)direct taxes
B)indirect taxes
C)depreciation
D)none of these
Q15: Personal income includes:
A)transfer payments
B)indirect taxes
C)depreciation
D)all of the
Q16: If savings exceed investment then:
A)national income rises
B)national
Q17: This statement is true
A)ni = rent +
Q18: Which Ministry is responsible for calculating GDP
Q19: How much does the primary sector contribute
Q20: Which sector contributes the most to India's
Q22: Which is not added in the calculation
Q23: Output means. ……………unless stated otherwise
A)gross output at
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