Gross Domestic Product
Gross Domestic Product
Gross Domestic Product:The sum of the value of all final goods and services produced in all the three sectors in a particular year is called the Gross Domestic Product (GDP) of a country.GDP indicates the size of the economy of a country. It is the market value of the final goods and services produced by all sectors.
The task of estimating the GDP in India is under taken by the Central Statistical Office (CSO) working under the Ministry of Statistics and Programme Implementation, Government of India. This department collects information related to total volume of goods and services with their prices to estimate the GDP.
National Sample Survey Organisation(NSSO) : It is an organisation under the Ministry of Statistics, Planning and Programme Implementation, Government of India that regularly conducts survey on employment and unemployment five yearly and figure out primary data for further use. Other sources like Census of India also provide employment data.
The value of final goods and services produced in each sector during a particular year provide the total production with in a country is knows as _______ | |||
| Right Option : A | |||
| View Explanation | |||
The Total value of the final goods and services produced within the borders of any country in a financial year is called _________ | |||
| Right Option : A | |||
| View Explanation | |||
Which of the following statements is true about Gross Domestic Product ? | |||
| Right Option : D | |||
| View Explanation |
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