8. Which of the following statements is not true?
(a) GDP of India is calculated by the state government of the largest Indian state.
(b) Calculating GDP is a massive task.
(c) GDP shows the level of development of an economy.
(d) GDP is the value of all final goods and services that are produced in a country
during one financial year.
Answers
Answer:
Your answer is
(d).GDP is the value of all final goods and services that are produced in a country during one financial year
Explanation:
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Which of the following statements is not true?
(a) GDP of India is calculated by the state government of the largest Indian state.
(b) Calculating GDP is a massive task.
(c) GDP shows the level of development of an economy.
(d) GDP is the value of all final goods and services that are produced in a country during one financial year.
The Correct Option is...
✔ (a) GDP of India is calculated by the state government of the largest Indian state.
Explanation ⦂
Which of the following statements is incorrect that the GDP of India is calculated by the government of the largest Indian state.
The GDP of India is calculated by the Central Government of India.
The rest of the three statements are correct. Calculating GDP is a massive and difficult task. GDP reflects the level of development of a country's economy. The higher the GDP rate, the higher the growth of that country will be displayed. GDP is the value of all final goods and services produced in a country during a financial year, so except for the first statement, all three statements are absolutely correct in the context of GDP.
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