Explain GDP.

Solution

Gross Domestic Product (GDP):

(i)The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country.

(ii)It is the value of all final goods and services produced within a country during a particular year.

(iii)GDP shows how big the economy is.

Some More Questions From Sectors of the Indian Economy Chapter

Cotton is a ____________ _product and cloth is a ____________ product (natural / manufactured).

The activities in primary, secondary and tertiary sectors are ____________ (independent/ interdependent).

The sectors are classified into public and private sectors on the basis of:

Production of a commodity, mostly through the natural process, is an activity in __________ sector.

GDP is the total value of _______ produced during a particular year.

In terms of GDP the share of tertiary sector in 2010-2011 is ____________.

Match the following:

Find the odd one out and say, why.

(i) Tourist guide, dhobi, tailor, potter

(ii) Teacher, doctor, vegetable vendor, lawyer.

(iii) Postman, cobbler, soldier, police constable.

(iv) MTNL, Indian Railways, Air India, Sahara Airlines, All India Radio.

A research scholar looked at the working people in the city of Surat and found the following:

Place of work

Nature of employment

Percentage of working people

1. In offices and factories registered with the government

Organised

15

2. Own shops, office, clinics in marketplaces with formal license

15

3. People working on the street, construction workers, domestic workers

20

4. Working in small workshops usually not registered with the government

Complete the table. What is the percentage of workers in the unorganised sector in this city?

For Daily Free Study Material Join wiredfaculty

Sectors Of The Indian Economy

Explain GDP.

Some More Questions From Sectors of the Indian Economy Chapter

Cotton is a ____________ _product and cloth is a ____________ product (natural / manufactured).

The activities in primary, secondary and tertiary sectors are ____________ (independent/ interdependent).

The sectors are classified into public and private sectors on the basis of:

Production of a commodity, mostly through the natural process, is an activity in __________ sector.

GDP is the total value of _______ produced during a particular year.

In terms of GDP the share of tertiary sector in 2010-2011 is ____________.

Match the following:

Find the odd one out and say, why.

(i) Tourist guide, dhobi, tailor, potter

(ii) Teacher, doctor, vegetable vendor, lawyer.

(iii) Postman, cobbler, soldier, police constable.

(iv) MTNL, Indian Railways, Air India, Sahara Airlines, All India Radio.

Do you think the classification of economic activities into primary, secondary and tertiary sectors is useful? Explain, how?

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Loaction

Place of work	Nature of employment	Percentage of working people
1. In offices and factories registered with the government	Organised	15
2. Own shops, office, clinics in marketplaces with formal license		15
3. People working on the street, construction workers, domestic workers		20
4. Working in small workshops usually not registered with the government

For Daily Free Study Material Join wiredfaculty

Sectors Of The Indian Economy

Explain GDP.

Some More Questions From Sectors of the Indian Economy Chapter

Cotton is a ____________ _product and cloth is a ____________ product (natural / manufactured).

The activities in primary, secondary and tertiary sectors are ____________ (independent/ interdependent).

The sectors are classified into public and private sectors on the basis of:

Production of a commodity, mostly through the natural process, is an activity in __________ sector.

GDP is the total value of _______ produced during a particular year.

In terms of GDP the share of tertiary sector in 2010-2011 is ____________.

Match the following:

Find the odd one out and say, why. (i) Tourist guide, dhobi, tailor, potter (ii) Teacher, doctor, vegetable vendor, lawyer. (iii) Postman, cobbler, soldier, police constable. (iv) MTNL, Indian Railways, Air India, Sahara Airlines, All India Radio.

Do you think the classification of economic activities into primary, secondary and tertiary sectors is useful? Explain, how?

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Find the odd one out and say, why.

(i) Tourist guide, dhobi, tailor, potter

(ii) Teacher, doctor, vegetable vendor, lawyer.

(iii) Postman, cobbler, soldier, police constable.

(iv) MTNL, Indian Railways, Air India, Sahara Airlines, All India Radio.