Question

what type of goods and services are included for calculation of GDP in india
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Answer 1

Explanation:

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The first method is based on economic activity (at factor cost), and the second is based on expenditure (at market prices). Further calculations are made to arrive at nominal GDP (using current market price) and real GDP (inflation-adjusted).

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Answer 2

Answer:

Final goods are calculated to get GDP

Ex- If wheat is used to manufacture biscuits then the value of only biscuits will be added because it is the final goods.