Assertion (A): GDP is not a good indicator of final value of goods and services from the suppliers side Reason (R): GVA takes into account subsidies and taxes and gives a clearer picture on the production side
A) Both A and R are true and R is the correct explanation of A.
B) Both A and R are true but R is not the correct explanation of A.
C) A is correct but R is wrong.
D) A is wrong but R is correct.
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With the industrial output and consumer price numbers released, all eyes are now set on the growth numbers that would be released on Wednesday. After following gross domestic product (GDP) for many years, policy makers have now also started looking at gross value added (GVA) to analyse growth. ET explains:
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