Q2 of 46 Page 23

Correct and arrange the important aspects for calculating GDP from this jumble.

To count goods and services we add the numbers that are produced.


We count all those that were produced in the last five years.


Since we shouldn’t leave out anything we add up all these goods and services.

We count the value of all the final goods and services that were produced in a particular year. Gross domestic product itself shows that what is the flow of goods and services in a financial year in an economy. And to calculate GDP it’s necessary to count all the final goods and services which are produced in a particular year.


More from this chapter

All 46 →
4

Students in a school are often classified into primary and secondary or junior and senior. What is the criterion that is used? Do you think this is a useful classification? Discuss.

 1

What does the history of developed countries indicate about the shifts that have taken place between sectors?

 1

Answer the following questions by looking at the graph


(i) Which was the largest producing sector in 1971-72?


(ii) Which is the largest producing sector in 2011-12?


(iii) Can you say which sector has grown the most over, forty years?


(iv) What was the GDP of India in 2011-12?

 1

Complete the table using the data given in Graphs 2 and 3 answer the question that follows.
























TABLE 2.2 SHARE OF PRIMARY SECTOR IN GDP AND EMPLOYMENT




1971-72



1972-73



2011-12



Share in GDP






Share in employment






What are the changes that you observe in the primary sector over a span of thirty years?