Question
Identify the correct formula which states the relation
between GDP and GVA.Solution
GDP (MP) = ∑ GVA (Basic Prices) + Product Taxes – Product Subsidies We can also write above formula as GDP (MP) = ∑ GVA (Basic Prices) + Net Product Taxes. Here, it’s important to understand the concepts of Factor Cost, Basic Prices, Market Price, Product Taxes and Production taxes. Watch vide again and make your own notes.
The Aircraft Act provides that in the interest of the safety of aircraft operations, if the Central Government decides to regulate construction, erecti...
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A, for the purpose of inducing B to resist from prosecuting a civil suit, threatens to burn B's house. A is guilty of
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The main headquarters of Food Safety and Standards Authority of India (FSSAI) is located at?
