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Q.

Mention if the given statement is true or false:

It is noticed in the developed economies that when a country develops, the share of the primary sector in the GDP gradually declines.

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a

True

b

False

answer is A.

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Detailed Solution

The given statement is true.
Economists have noticed a similar pattern in most developed and developing countries. When a country is underdeveloped, the primary sector contributes the most to the GDP and most of the population is also engaged in its activities. As a country develops, the secondary industry gains importance and its contribution to the GDP increases. Finally, when the country nears development, the tertiary sector becomes the one with the most contribution to the GDP. The workforce is also equally distributed in these three sectors.

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Mention if the given statement is true or false:It is noticed in the developed economies that when a country develops, the share of the primary sector in the GDP gradually declines.