SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Correct and arrange the important aspects for calculating GDP from this Jumble:To count goods and services we add the numbers that are produced. We count all those that were produced in the last five years. Since we shouldn’t leave out anything we add up all these goods and services.
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Since we shouldn’t leave out anything we add up all these goods and services. To count goods and services we add the numbers that are produced. We count all those that were produced in the last five years.
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Since we shouldn’t leave out anything we add up all these goods and services. We count all those that were produced in the last five years. To count goods and services we add the numbers that are produced
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We count all those that were produced in the last five years. Since we shouldn’t leave out anything we add up all these goods and services. To count goods and services we add the numbers that are produced.
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None of the above
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Explanation:
Detailed explanation-1: -GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).
Detailed explanation-2: -Steps involved in the estimation of GDP are as below: 1. Total production of each sector is calculated by adding the values of final goods and services produced in that sector in that year. 2. The values of all three sectors are then added, and the sum of this is the Gross Domestic Product (GDP).
There is 1 question to complete.