According to the Theory of Structural Patterns of Development,which of the Following

question 10

Multiple Choice

According to the theory of structural patterns of development,which of the following tends to occur as a country develops?

• A)a shift from agriculture to industry and services
• B)an increase in the percentage of income spent on food
• C)growth of the rural sector
• D)a decline in trade as a share of GNP

---

Definitions:

Active Approach

is a strategy in management or investing that involves taking specific actions to achieve a particular goal, as opposed to a passive or laissez-faire approach.

Natural Adjustments

Natural adjustments refer to the self-correcting mechanisms of markets or economies that respond to imbalances or disruptions without the need for external intervention.

Expansionary Gap

A situation where the actual output of an economy exceeds its potential output, typically characterized by increasing prices.

Self-corrects

Refers to the ability of a market or economic system to automatically adjust and return to equilibrium without outside intervention.