Sectoral distribution of targeted increase in gdp, Microeconomics

MRP Technique- Sectoral Distribution of Targeted Increase in GDP

There are two ways of increasing the GDP:

(i) Project and accomplish the growth in various sectors through linear increases, and

(ii) Modernise or diversify the economy effecting structural changes therein.

In a given year, the contribution of each sector of the economy to the total GDP and the same as a proportion to the total is known. Keeping in view the proposed policy interventions the contribution and share of each sector can be determined.

Posted Date: 12/17/2012 5:53:34 AM | Location : United States

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