SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    Under the output approach for the measurement of GDP, which of the following would be counted?
    1. Value of final goods services
    2. Investment
    3. Net exports
    Choose the correct one:

    A)  Only 1 

    B)  Only 2 and 3

    C)  Only 1 and 3    

    D)  Only 1 and 2

    Correct Answer: A

    Solution :

    [a] GDP is calculated using the output approach by summing the value of sales of goods and adjusting (subtracting) for the purchase of intermediate goods to produce the goods sold.

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