Question

11. State with valid reason, which of the following statement is true or false:

a. Gross Value Added at market price and Gross Domestic Product at

market price are one and the same thing.

b. Intermediate goods are always durable in nature.​

Answer 1

Answer:

ur a) is true

ur b) is false

Answer 2

Answer:

A. false

gross domestic product is the result of sum of gross valve added by all the producing firms/ units in an economy, during an accounting year.

B. FALSE

intermediate goods are generally non- durable in nature.

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