Question

Read the source given below and answer the following questions:

In India, the mammoth task of measuring GDP is undertaken by a central government ministry

This Ministry, with the help of various government departments of all the Indian states and union

territories, collects information relating to total volume of goods and services and their prices and

then estimates the GDP

Answer the following MCQs by choosing the most appropriate option.

26.1. GDP refers to

(a) General Domestic Purchase

(c) Gross Domestic Purchase

(b) General Domestic Product

(d) Gross Domestic Product

26.2. GDP is calculated by

(a) Adding the value of all intermediate goods produced in each sector within a country

during a particular year

(b) Adding the value of all final goods and services produced in each sector within a country

during a particular year.

(c) Adding up the actual numbers of goods and service produced in each sector within a

country during a particular year.

(d) Adding the values of all intermediate and final goods and services produced in each

sector within a country during a particular year.​

Answer 1

Answer:

(26) (d) gross domestic product

Explanation:

hope this will help you

Answer 2

Answer:

Answer 1 is option (D)

Answer 2 is option (C)