Answer-The concept of ‘resident unit’ involved in the definition of GDP denotes

A resident unit in GDP means any unit household, enterprise, government body having a predominant economic interest in the domestic territory for 1 year, regardless of nationality.

Question

The concept of ‘resident unit’ involved in the definition of GDP denotes

A A business enterprise which belongs to a citizen of India with production units solely situated in India

B The unit having predominant economic interest in the economic territory of the country for one year or more irrespective of the nationality or legal status

C A citizen household which had been living in India during the accounting year and one whose economic interests are solely in India

D Households and business enterprises composed of citizens of India alone living in India during the accounting year

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The concept of ‘resident unit’ involved in the definition of GDP denotes

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