GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statement is FALSE?
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The growth of agriculture during reforms period decreased.
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The growth of Industry during reforms period decreased
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Foreign Direct investment increased
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Growth of GDP decreased
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Explanation:
Detailed explanation-1: -GDP increases when a country has a positive trade balance or surplus. However, GDP decreases when a country spends more money importing goods and products than it makes exporting goods and products, which leads to a trade deficit.
Detailed explanation-2: -The correct answer is (i). Nominal GDP is the aggregate value of all final goods and services at current prices, whereas real GDP is the aggregate value of all final goods and services at constant prices.
There is 1 question to complete.