1.
Answer the following questions based on the table below, which reports certain data series from National Accounts Statistics of India at Current Prices.
The GDP is sum total of the contributions from primary sector, secondary sector and the tertiary sector. If that be the case, then over 2004-05 to 2009-10, the share of tertiary sector at factor cost in GDP has increased from:
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By: anil on 05 May 2019 02.40 am
Value of the GDP from the tertiary sector in the year 2004-05 = 2971464 - 650545 - 744755 = 1576164 Hence, the share of tertiary sector at factor cost in GDP in the year 2004-05 = $$dfrac{1576164}{2971464} imes 100$$ = 53.05 percent. Value of the GDP from the tertiary sector in the year 2009-10 = 6133230- 1243566 - 1499601 = 3390063
Hence, the share of tertiary sector at factor cost in GDP in the year 2009-10 = $$dfrac{3390063}{6133230} imes 100$$ = 55.27 percent.
We can see that the share of tertiary sector at factor cost in GDP increased from 53.05 percent to 55.27 percent. Therefore, option A is the correct answer.
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Hence, the share of tertiary sector at factor cost in GDP in the year 2009-10 = $$dfrac{3390063}{6133230} imes 100$$ = 55.27 percent.
We can see that the share of tertiary sector at factor cost in GDP increased from 53.05 percent to 55.27 percent. Therefore, option A is the correct answer.