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प्रश्न
What are the methods of calculating Gross Domestic Product? and explain its.
संक्षेप में उत्तर
उत्तर
Methods of calculating Gross Domestic Product or GDP:
- Expenditure Approach – In this method, the GDP is measured by adding the expenditure on all the final goods and services produced in the country during a specified period.
- Income Approach – This method looks at GDP from the perspective of the earnings of the men and women who are involved in producing the goods and services.
- Value-added Approach – In the value-added approach the value added by each intermediate good is summed to estimate the value of the fiscal good. The sum of the value added by all the intermediate goods used in production gives us the total value of the final goods produced in the economy.
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Gross Domestic Product (GDP)
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संबंधित प्रश्न
Write the importance of Gross Domestic Product.
Define the value added approach with example.
What is meant by Market value?
GDP of a country can be calculated by ______.
The quarterly GDP estimates of the month July, August, and September includes ______ quarter.
Adding up all the expenditures incurred in a country during a specific period of time is called ______ method.
The GDP of India is ______ million United States dollars.
The GDP is measured in terms of ______ value of our country.
There are ______ quarters with which GDP is measured.
Choose the correct statement
- GDP measures only quantity but not quality.
- CSO conducts annual survey based on Indexes like Index on Industrial Production (llP) and Consumer Price Index (CPl).
- High level of Per Capita real GDP will lead to low level of pollution and low suicidal rate.
- India is the largest producer of agricultural products in the world.
