In the case of ________ countries, the share of service sector to GDP is about 60% or more.

underdeveloped

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developing

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developed

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all of the above

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Solution

The correct option is C developed
The share of service sector to GDP in developed countries is about 60% or more. Service sector is also known as the tertiary sector of the economy. For example, accounting, tourism, etc are included in the service sector.

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In early nineties, the share of services sector in GDP for low per capita income group of countries is about 40 percent.

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