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Economics › National Income Accounting(GDP)

Economics › National Income Accounting(GDP)

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With reference to India economy, consider the following statements:
1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years
2. The percentage share of Public Sector in GDP has declined in the last 10 years
Which of the statements given above is/are correct?

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(B)