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Single Answer MCQ
Q-00015911

Which sector has a more substantial impact on GDP in developed economies?

1

Primary Sector

2

Secondary Sector

3

Tertiary Sector

4

Quaternary Sector

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Sandeep Chaturvedi

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Answer and Solution

Answer

C. Tertiary Sector

Solution:

In developed economies, the Tertiary Sector has a more substantial impact on GDP as it encompasses various services such as finance, healthcare, and retail, which form a significant part of economic activity.

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