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Question

Consider the following countries :
1. China
2. Spain
3. India
4. Russia
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?

The correct answer is
1, 3, 4, 2

Ranking Countries by Services Sector GVA Share

This solution identifies the correct ascending order of China, Spain, India, and Russia based on their services sector's share in Gross Value Added (GVA) between the years 2001 and 2015.

Understanding Services Sector Share

The services sector's share of GVA indicates its relative importance to a country's economy. A higher percentage means the services sector contributes more to the Gross Value Added.

Data Analysis (2001-2015 Estimates)

Based on typical economic data from sources like the World Bank for the period 2001-2015, the approximate average shares are:

  • 1. China: Roughly 43%
  • 2. Spain: Roughly 72%
  • 3. India: Roughly 55%
  • 4. Russia: Roughly 58%

Determining Ascending Order

Arranging these countries in ascending order (from lowest to highest services sector share) yields:

  1. China (Country 1): 43%
  2. India (Country 3): 55%
  3. Russia (Country 4): 58%
  4. Spain (Country 2): 72%

This order corresponds to the numerical sequence 1, 3, 4, 2.

Conclusion

The correct ascending order of the countries by their services sector's share of GVA (2001-2015) is 1, 3, 4, 2.

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