Gross Value Added at market price and Gross Domestic Product at market price are one and the same thing

621 viewsDecember 11, 2023National Income and related aggregates

Anurag Pathak28.60K December 11, 2023 0 Comments

True or False with Reason:

Gross Value Added at market price and Gross Domestic Product at market price are one and the same thing.

Anurag Pathak Changed status to publish December 11, 2023

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Anurag Pathak28.60K Posted December 11, 2023 0 Comments

False,

Gross Domestic Product is the result of sum of Gross Value added by all the producing units/firms in an economy, during an accounting year.

Anurag Pathak Changed status to publish December 11, 2023

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