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

1.91K viewsDecember 11, 2023National Income and related aggregates

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Anurag Pathak30.76K 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 Pathak30.76K 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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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.