Question

# Which of the following describes “structural change” of the economy?

A

Change in age composition of the population

B

Change in shares of sectors’ contributions to GDP

C

Change from labour-abundant t capital-abundant economy

D

None of the above

Solution

## The correct option is B Change in shares of sectors’ contributions to GDP Structural change of the economy is characterised by change in the contribution of each sector to the GDP.

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