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Gross value added is the output of the country less the intermediate consumption, which is the difference between gross output and net output. GVA= GDP + Subsidies on Products- Taxes. India’s economy grew 4.1% year-on-year in the January-March period of 2021-22 (Q4 FY22). NSO pared down the overall growth estimate for FY22 to 8.7% from the 8.8% projected in February. In FY22, all sectors except trade, hotels and communication services were above the pre-pandemic levels of FY20. Growth in private final consumption expenditure, or private spending, decelerated sequentially in Q4 to 1.8 per cent, proving to be the weakest link. Gross value added (GVA) at basic prices grew at 3.9% in the fourth quarter and 8.1% in FY22.
Which of the following statements are correct about trilemma in monetary policy
A. It is related to closed economy model.
B. It involves...
Which of the following defines ambient standards in an environmental policy
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T)
Tax Function: T = T0 + tY
Income...
Which branch of economics deals with the study of the economic activities of individual units?
Which of the following defines ambient standards in an environmental policy
Which of the following statements are correct about trilemma in monetary policy
A. It is related to closed economy model.
B. It involves...
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
Which of the following applies to the physical linkage approach for the valuation of environmental benefits
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