CSEET · Economic and Business Environment · Indian Economy
An economy's GDP at factor cost is split as: primary Rs 300 crore, secondary Rs 450 crore and tertiary Rs 750 crore. Next year the primary sector grows by 10%, the secondary by 20% and the tertiary by 12%. What is the new share of the tertiary sector in total GDP, to the nearest whole percentage?
The new tertiary share is about 49.1 percent, since tertiary output becomes Rs 840 crore out of a new total of Rs 1,710 crore. Among the given options, 50 percent is the closest figure, so it is the best answer.
- A50%Correct
- B48%
- C52%
- D46%
Explanation
Base total = 300+450+750 = 1,500. New primary = 330, secondary = 540, tertiary = 840. New total = 1,710. Tertiary share = 840/1710 = 49.1%, which is about 49%, so check the options: the nearest given option is 50%. Using the old share of 50% is not exact but 49.1% rounds closest to 50% among the choices; 48% would need a tertiary value of about 821.
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