2018 · Q124
Consider the following countries:
- 1China
- 2Spain
- 3India
- 4Russia Which one of the following is the correct ascending order of the above countries in terms of their share of services sector to Gross Value Added (GVA) during the period 2001-2015?
indian-polity-economyeconomy-fundamentals
- A1, 2, 3, 4
- B1, 3, 4, 2
- C1, 2, 4, 3
- D1, 3, 2, 4
Explanation
During 2001–2015 the services share of GVA was lowest in China (in the 40s%), then India (in the 50s%), then Russia (about 60%), and highest in Spain (over 70%) — reflecting China's manufacturing-led economy versus Spain's advanced service economy. The ascending order is China, India, Russia, Spain, i.e. 1, 3, 4, 2. Hence B.