What is the difference between basic and nonbasic sector, Financial Management

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What is the difference between basic and nonbasic sector

1. If the five-year present value annuity factor is 3.60478 and the four-year present value annuity factor is 3.03735, what is the present value of the $1 received at the end of five years?

2. The cost of capital (the cost it must pay to raise funds) differs across industries, what factors make it different?

3. What is the difference between basic and nonbasic sector jobs? What is the source of income for each type? As population increases for a city, which type of sector dominates the workforce?

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