Direction for question 1 to 4: refer to the following table and solve the questions based on it.
The following charts show the sector wise percentage break-up of $ 650 billion, which is the GDP of the country with a population of 12 billion people. 70 percent of the population of the country constitutes its working population, engaged in the various sectors of the economy and contribution to the GDP.
Productivity is defined as the average amount contributed to the GDP per person in that group or sector.
Which of the following groups following groups/sectors has the lowest productivity?
Direction for question 1 to 4: refer to the following table and solve the questions based on it.
The following charts show the sector wise percentage break-up of $ 650 billion, which is the GDP of the country with a population of 12 billion people. 70 percent of the population of the country constitutes its working population, engaged in the various sectors of the economy and contribution to the GDP.
Productivity is defined as the average amount contributed to the GDP per person in that group or sector.
Which of the following groups following groups/sectors has the lowest productivity?
Option 1 -
Agriculture sector workers
Option 2 -
Manufacturing sector workers
Option 3 -
Services sector workers
Option 4 -
Non-working population
-
1 Answer
-
Correct Option - 4
Detailed Solution:Population = 12 billion = > working population = 0.7 * 12 = 8.4 billion.
Contribution to GDP ($ billion)
Number of People (billion)
Productivity ($/Person)
Agriculture
= 0.27 of 650
= 175.5
= (22/36) of 8.4
= 5.13
34.2
Manufacturing
= 0.22 of 650
= 143
= (9/36) of 8.4
= 2.1
68.1
Services
= 0.51 of 650
= 331.5
= (5/36) of 8.4
= 8.4
284.1
Working population
650
= 0.7 of 12
= 8.4
77.4
Total population
650
12
54.2
Non-working population contributes nothing to the GDP; hence, its productivity is zero.
Similar Questions for you
(c)
the highest average is Rs. 136
Using the data from above question, the lowest average is Rs. 100.
We get the following table of earnings:
Persons | Win Total | Average |
P | 36 * 150 + 14 * 100 = 6800 | 136 |
Q | 34 * 150 + 21 * 100 = 7200 | 131 |
R | 23 * 150 + 36 * 100 = 6850 | 116 |
S | 30 * 150 + 30 * 100 = 6000 | 100 |
Now we can see that the largest difference
= Maximum – Minimum = Rs. 7500 – Rs. 6800
= Rs. 700
IITs = 60; IIMS = 40
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