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"Structural Composition' implies : |
The proportion of people in employment in each sector in an economy The contribution made by each sector to the Gross Domestic Product of a country The composition of industrial sector in an economy The composition of Central and State governments receipts in the Gross Domestic Product |
The contribution made by each sector to the Gross Domestic Product of a country |
The correct answer is option (2) : The contribution made by each sector to the Gross Domestic Product of a country The GDP of a country is derived from the different sectors of the economy, namely the agricultural sector, the industrial sector and the service sector. The contribution made by each of these sectors makes up the structural composition of the economy. In some countries, growth in agriculture contributes more to the GDP growth, while in some countries the growth in the service sector contributes more to GDP growth |
