Growth of GDP and major sectors (in %) -
| Sectors | 1980-1991 | 1992-2001 | 2002-2007 | 2007-2012 | 2012-2017 XII plan | |
| Target I | Target II | |||||
| Agriculture | 3.6 | 3.3 | 2.3 | 3.2 | 4.0 | 4.2 |
| Industry | 7.1 | 6.5 | 9.4 | 7.4 | 9.6 | 10.9 |
| Services | 6.7 | 8.2 | 7.8 | 10.0 | 10.0 | 10.0 |
| Total | 5.6 | 6.4 | 7.8 | 8.2 | 9.0 | 9.5 |
In economics, growth of an economy is measured by :
Answer & explanation
Correct answer: option 1
The correct answer is option (1) : Gross Domestic Product
Explanation : GDP is a common indicator used to measure the economic performance and growth of a country. It represents the total value of all goods and services produced within the borders of a country over a specific time period. Other indicators like Gross National Product (GNP), Net National Product (NNP), and Net Domestic Product (NDP) also provide insights into economic activity but GDP is commonly used as a primary measure of economic growth.