Economics
Answer the following questions by looking at the graph:
- Which was the largest producing sector in 1973-74?
- Which is the largest producing sector in 2013-14?
- Can you say which sector has grown the most over forty years?
- What was the GDP of India in 2013-14?
Related Questions
Correct and arrange the important aspects for calculating GDP from this Jumble.
To count goods and services we add the numbers that are produced. We count all those that were produced in the last five years. Since we shouldn’t leave out anything we add up all these goods and services.
Discuss with your teacher how you could calculate the total value of a good or service by using the method of value added at each stage.
Complete the table using the data given in Graphs 2 and 3 and answer the question that follows. Ignore if data are not available for some years.
Share of Primary Sector in GDP and employment
1973-74 1977-78 2013-14 2017-18 Share in GDP Share in employment What are the changes that you observe in the primary sector over a span of forty years?
Choose the correct answer:
Underemployment occurs when people
- do not want to work
- are working in a lazy manner
- are working less than what they are capable of doing
- are not paid for their work