A
NNP
B
GNP
C
GDP
D
Per Capita income
Increase in output of goods and services and in income does not imply an improvement in the standard of living of the people because GDP is a narrow indicator of economic development that does not include non-economic indicators such as leisure time, access to health, education, environment, freedom or social justice.
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Wrong Answered :
A
When the factor income from abroad is negative
B
When depreciation on fixed capital exceeds income in investment
C
When direct tax exceeds indirect tax
D
When subsidies exceeds indirect taxes
When subsidies exceeds indirect taxes
Correct Answered :
Wrong Answered :
A
Maharastra
B
Kerala
C
Punjab
D
Uttar Pradesh
The state of Maharashtra in India had the highest gross state domestic product in financial year 2020, valued at over 28 trillion Indian rupees. Tamil Nadu and Uttar Pradesh followed with values at 17.9 and 16.8 trillion rupees respectively, during the measured time period.
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Wrong Answered :