Question
Download Solution PDFStructural composition of the economy refers to:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is the contribution of various sectors to the GDP.Key Points
- Structural composition of the economy refers to the contribution of various sectors to the GDP.
- It is a measure of the percentage of economic activity that each sector contributes to the overall GDP of a country.
- The sectors typically include agriculture, manufacturing, services, and others.
- The structural composition of the economy can vary significantly between countries and can be an indicator of the level of development.
- Changes in the structural composition of the economy can have significant impacts on employment, income, and economic growth.
Additional Information
- Male-female distribution of the population refers to the proportion of males and females in a population.
- Private and public sector classification refers to the types of organizations that operate in the economy, with private sector organizations being owned and operated by individuals or groups, and public sector organizations being owned and operated by the government.
- Rural and urban distribution of the population refers to the proportion of the population that lives in rural versus urban areas.
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