Question
With reference to the Gross Domestic Product (GDP),
select the correct statement from option given below:Solution
Option A incorrect: Gross Domestic Product (GDP) is the value of all final goods and services produced within the boundary of a nation during one year period. For India, this calendar year is from 1st April to 31st March. It is also calculated by adding national private consumption, gross investment, government spending and trade balance (exports-minus imports).
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