Category: 2. TGT (Arts) HP

When the service sector’s share in GDP rises mainly due to faster growth in output value than other sectors, it

When a country’s GDP share shifts from agriculture/industry to services, it usually indicates which broad change A Deindustrialisation only B

In national income classification, services are mainly treated as which type of output A Primary sector output B Secondary sector

If the share of manufacturing in GDP rises while agriculture falls, it usually indicates a move towards A Deindustrialisation phase

If the share of manufacturing in GDP rises while agriculture falls, it usually indicates a move towards A Deindustrialisation phase

When an economy shifts from consumer goods dominance to more capital goods production, it mainly indicates A Service sector boom

In national accounts, the industrial sector mainly includes manufacturing, construction, and A Crop farming B Household services C Government lawmaking

In economics, an “industry” mainly refers to activities that A Extract raw materials B Produce goods and services C Provide

In farm economics, “marketable surplus” can be higher than “marketed surplus” mainly when farmers A Store for future use B

In agriculture, “yield” is most correctly understood as the output produced per A Farmer’s family size B Hectare of land