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SSC CHSL 2023 PYQ — Question 33

SSC CHSL - 14 Aug 2023 - Shift 1 • General Awareness • Q33

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Structural composition of the economy refers to:

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Correct answer: A

Explanation

The correct answer is option 1 i.e. contribution of various sectors to the GDP.

  • The structural composition of the economy refers to the contribution of various sectors to the GDP, namely the primary (agriculture), secondary (industry), and tertiary (services) sectors.
  • This concept is used to analyze how the economic output is divided among different sectors, indicating the level of development of an economy.
  • In a developing economy, a larger share may come from agriculture, while in developed economies, the services sector contributes the most.
  • Changes in the structural composition over time reflect economic transformation, making this a critical indicator for policy-making and planning.