Answer» Correct Answer - Option 2 : 6.6%
The correct answer is 6.6%. - Gross domestic product (GDP) is the standard measure of the value-added created through the production of goods and services in a country during a certain period.
- Types of GDP.
- Real GDP is the economic output of a country with inflation taken out.
- Nominal GDP measures a country's gross domestic product using current prices, without adjusting for inflation.
- Actual GDP is the real-time measurement of all outputs at any interval or any given time.
- Potential GDP is the level of output that an economy can produce at a constant inflation rate.
- Components of GDP
- Consumption,
- Investment
- Government Spending
- Exports
- Imports.
- GDP of India is calculated by the National Statistical Agency.
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