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Economics miscellaneous

  1. In a highly developed country the relative contribution of agriculture to GDP is
    1. relatively high
    2. relatively low
    3. the same as that of other sectors
    4. zero
Correct Option: B

In developed countries, the labor productivity of any commercial agriculture is high, so only a very small percentage of the population is involved with agriculture even when agriculture is a major industry and export. These countries focus more on manufacturing and service industry. Agriculture or the primary sectors of the economy have sizeable contributions in the GDP of developing nations.



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