NextQ84

"The Ministry of Statistics and Programme Implementation (MoSPI) is underway to revise the base year of Gross Domestic Product (GDP). The base year is revised periodically to better capture the structural changes happening in the economy. The proposed new base year for the GDP is 2022 - 23." The step taken by the Government of India is for revision of ___________ Gross Domestic Product (GDP), as it is measured at ___________ prices. (Choose the correct option to fill in the blanks)

Three Methods — OverviewStudy Simplify SpecialPYQ3SQ
Question 83

On the basis of the given data, estimate the value of Gross National Product at Market Price (GNP_MP) : Explain any two precautions to be kept in mind while estimating National Income by the Value Added method.

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