Question
Consider the following: 1. GVO is a broader
measure than GDP. 2. GVO is the total value of production. Which of the following statements are correct?Solution
- Gross Value of Output (GVO) is the total market value of all goods and services produced by an industry or sector within a specific period, before deducting the cost of intermediate goods. It represents the total sales or revenue of a sector. GVO is a broader measure than Gross Domestic Product (GDP), as it includes both final and intermediate goods.
- GVO can be calculated as the sum of an industry’s value added (like GDP) plus its intermediate inputs. It can also be measured as the total sales or revenue of an industry, before deducting intermediate costs.
What is the expected emission reduction by 2035, according to the UNEP Emissions Gap Report 2024, to meet the 1.5°C target?
- Which country recently unveiled its first nuclear-powered submarine, raising security concerns for the U.S. and South Korea?
State Bank of India (SBI), will raise _____ by way of bonds, including additional tier-1 bonds and tier-II bonds.
What is the rank of India in terms of domestic aviation market size as of 2025?
What is the name of the initiative launched by Tamil Nadu CM M.K. Stalin for public service delivery?Â
Which Indian state’s tableau won the best award in the Republic Day Parade 2025?
National Fish Farmers Day 2025 commemorates which key breakthrough in Indian aquaculture?Â
The Union Cabinet recently approved the National EdTech Mission (NEM) with a budget allocation of:Â
Who won the first prize in the Global Big Cats Photography Competition 2025?Â
World Health Organization (WHO) backs plan to turn which of the following city of Madhya Pradesh into a 'healthy city'?
Relevant for Exams:
