At higher levels of development, which sector of the economy contributes less to the GDP?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Agriculture sector.
- At higher levels of development, the agriculture sector typically contributes less to the GDP compared to the industrialand services sectors.
- As economies develop, they often experience a shift from agriculture to industry and services, reflecting increased urbanization, technological advancements, and changes in consumption patterns.
- This shift usually results in a smaller share of GDP coming from agriculture while industrial and service sectors grow in prominence.