Question : Sectoral distribution of GDP index measures_____.
Option 1: agriculture development of a country
Option 2: economic development of a country
Option 3: social development of a country
Option 4: socio-economic development of a country
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Correct Answer: economic development of a country
Solution : The correct answer is the economic development of a country .
The primary, secondary and tertiary sectors' contributions to the economy are measured by the sectoral distribution of the GDP index, which depicts the economic development of a nation. A country's GDP is significant because it provides data on the size and health of the economy. Real GDP growth is frequently taken into account when assessing the state of the economy as a whole.
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Question : The value of GDP at the current prevailing prices is called _______.
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