Question

There is a close link between GDP of a State and the power consumed by the state.
TRUE OR FALSE?

Answer 1

True, because the gross domestic product increases power consumption has increased.

Answer 2

Gross Domestic Product (GDP) is the financial measure of the market value of all the products and services that are produced in a period of time, often annually. GDP is therefore considered a quality approximation of income for an entire economy in a given period. The main components of GDP is the sum of consumption, investment, government spending and net exports. Consumption, is the largest component of GDP. As consumption of goods is increased then the power consumption is increased.