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Define ‘Gross Domestic Product’ at market prices. - Economics

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प्रश्न

Define ‘Gross Domestic Product’ at market prices.

व्याख्या
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उत्तर

GDP is equal to the sum of the gross added values of the various institutional sectors, or different branches of activity, plus taxes minus product subsidies (not assigned to the sectors and branches of activity). It is also equal to the balance of the production account of the total economy.

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पाठ 19: National Income Aggregates - TEST YOURSELF QUESTIONS [पृष्ठ ३८३]

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फ्रँक Economics [English] Class 12 ISC
पाठ 19 National Income Aggregates
TEST YOURSELF QUESTIONS | Q 2. (i) | पृष्ठ ३८३
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