Economic Sectors and GDP Concepts

The video tutorial covers the expansion of services and financial industries, explaining the concept of an economy, GDP, and the three main economic sectors: primary, secondary, and tertiary. It discusses the growth of the Mauritian economy, the role of GDP, and the changing contributions of each sector from 1970 to 2010. The lesson includes interactive questions to test understanding and concludes with a summary of key points.

Which of the following best describes an economy?

• The number of people in a country

• The land area of a country

• All activities related to production, consumption, and trade

• The amount of money a country has

What does GDP stand for?

• Gross Domestic Product

• General Domestic Production

• Gross Development Product

• Global Domestic Product

A large economy is characterized by:

• A low GDP

• A high GDP

• A large number of people

• A small number of businesses

Which sector includes activities like agriculture and mining?

• Secondary sector

• Primary sector

• Tertiary sector

• Quaternary sector

What is an example of a secondary sector activity?

• Banking

• Fishing

• Textile manufacturing

• Telecommunications

Which sector is associated with services like banking and insurance?

• Quaternary sector

• Tertiary sector

• Secondary sector

• Primary sector

In 2010, which sector was the largest contributor to the Mauritian economy?

• Secondary sector

• Primary sector

• Quaternary sector

• Tertiary sector

How did the contribution of the primary sector change from 1970 to 2010?

• It slightly increased

• It decreased significantly

• It remained the same

• It increased significantly

What trend was observed in the secondary sector's contribution from 1970 to 2010?

• It significantly increased

• It remained constant

• It slightly increased

• It decreased significantly

Which sector's contribution increased significantly from 1970 to 2010?

• Quaternary sector

• Secondary sector

• Primary sector

• Tertiary sector