The contribution made by each sector of the economy into GDP is called______.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Structural composition.
The contribution made by each sector of the economy to the GDP is called "Structural composition". This term refers to the distribution of economic activity among various sectors, such as agriculture, industry, and services. It provides insights into how different sectors contribute to the overall GDP and helps in understanding the economic structure of a country. Analyzing structural composition assists policymakers in crafting targeted strategies to promote balanced economic growth and sectoral development.