Answer Question Nos. 36, 37 and 38 on the basis of the following :
In an economy, the agriculture, industrial and services sectors have initial shares of 50, 20 and 30 percent respectively in the total GDP. They also subsequently grow at the following constant annual rates for the next 60 years : Agriculture—2 percent; Industry—5 percent; and Services—6 percent per annum respectively.
The industrial sector's share in GDP over the sixty years
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Theories of development has come up 59 times in 6 exams since 2010.
This question is on Stages of economic growth, part of Theories of development in Economics of Growth and Development.
Rostow's account of how societies move from tradition to mass consumption.
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Question from the JNU SSS 2018 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.