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Question

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



Your Answer
A

Change in age composition of the population

Correct Answer
B

Change in shares of sectors’ contributions to GDP

Your Answer
C

Change from labour-abundant t capital-abundant economy

Your Answer
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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