GDP | MCQs

Explanation

Explanation

Pakistan's agriculture sector plays a central role in the economy.

Pakistan has been an agricultural country since its inception, agriculture contributes 22.7 to GDP.

Explanation

Explanation

 GDP, which stands for gross domestic product.

Explanation

The gross domestic product (GDP) in current prices in Pakistan decreased to 338.24 billion U.S. dollars since the previous year.

This figure reflects the total market value of all finished goods and services produced within the country.

Explanation

According to the Economic Survey of Pakistan 2022-23, the share of the services sector in Pakistan's GDP is 58%.

This indicates that services contribute the largest proportion to the country's economic output, highlighting its significance in the economy.

Explanation

According to the Economic Survey of Pakistan 2022-23, the GDP growth rate of Pakistan for the financial year 2023 was 0.29%.

This rate indicates significant economic challenges during that period.

Explanation

GDP stands for "Gross Domestic Product"

Represents the total monetary value of all final goods and services produced

within a country during a period of time.

GDP is the most commonly used measure of economic activity.

Explanation

Explanation

• the provincial GDP ratio for 2021-2022 in Pakistan is 5.57
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• The revised growth rate of GDP for the year 2020-21 is 5.74 percent which was provisionally estimated at 5.57 percent.
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• Agricultural GDP of Pakistan in 2019: 22.4%
• According to the Economic Survey of Pakistan 2021-22, only 1.77 % of GDP was spent on the education sector in FY2021.
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