Assertion (A): Industry's share of GDP rose between 1950 and 1990.
Reason (R): The public sector was efficient and made large profits throughout.

Both A and R are true, and R is the correct explanation of A.Correct answerYour answerBoth A and R are true, but R is not the correct explanation of A.Correct answerYour answerA is true, but R is false.Correct answerYour answerA is false, but R is true.Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

A is true: from about 12% to about 25%.
Many public firms ran at a loss, so R is false.

Concept: Achievements and failures
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsAchievements and failures

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Ten questions from Industry & Trade, 1950–90, at your own pace.

Practise this chapter →

Ten questions from Industry & Trade, 1950–90, at your own pace.

Practise this chapter All 53 questions in Industry & Trade, 1950–90 Revise the notes for Industry & Trade, 1950–90

Assertion (A): Industry's share of GDP rose between 1950 and 1990.Reason (R): The public sector was efficient and made large profits throughout.

Explanation

Assertion (A): Industry's share of GDP rose between 1950 and 1990.
Reason (R): The public sector was efficient and made large profits throughout.