Question
'Growth refers to increase in the country's capacity of module the output of goods and services with in the country.' Choose the incorrect option from the following in relation to Growth.

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Growth implies a large stock of production capital

Growth implies a large stock of supporting services.

Growth implies an equal contribution to GDP by each sectors of the economy.

Growth implies an increase in efficiency of productive capital and services

Correct Answer

Growth implies an equal contribution to GDP by each sectors of the economy.

Detailed Explanation

The correct answer is (3)

The incorrect option in relation to growth is:

Growth implies an equal contribution to GDP by each sectors of the economy.

In economic growth, it's not necessary for each sector of the economy to make an equal contribution to GDP. In fact, different sectors may grow at different rates, and their contributions to GDP may vary significantly. For example, in many developing economies, the services sector might grow faster than the agricultural sector, or the industrial sector might dominate in some countries. Growth typically involves shifts in the relative contributions of different sectors to overall GDP.

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Question 'Growth refers to increase in the country's capacity of module the output of goods and services with in the country.' Choose the incorrect option from the following in relation to Growth.

Detailed Explanation

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