Mention if the given statement is true or false:

The primary sector contributes the most to the GDP and the majority of the workforce is employed in it.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
The majority of the workforce is indeed employed in the primary sector. However, it does not contribute the most to the GDP. Most of the rural population is engaged in agricultural activities. However, the industry faces the issue of disguised unemployment, where the number of people working is more than what is required. It is a waste of human resources as people could have contributed more to the GDP through other sectors. The primary sector's contribution to GDP is the least among all the sectors. It is the tertiary sector that contributes the most to GDP.
Thus, the correct statement is that the primary sector employs most of the workforce but contributes the least to the GDP.

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