Multiple Choice Questions on If the difference between the GDP and NDP is becoming less year over year it may imply that 1 ........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

If the difference between the GDP and NDP is becoming less year over year it may imply that 1 ...........

Economic Affairs Growth and Indicators
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     If the difference between the GDP and NDP is becoming less year over year, it may imply that

    1. Research and development in the economy is cutting down the levels of depreciation in the economy.

    2. The GDP growth rate has reduced over years.

    3. The Government has reduced subsidies and indirect taxes.

    Which of the above is/are correct?

     1 only

    Correct Answer

     All of the above

    Incorrect Answer

     1 and 3 Only

    Incorrect Answer

     None

    Incorrect Answer
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    Explanation:

     GDP implies the value of final goods and services produced inside the boundary of nation during one year whereas NDP is the net form of GDP .i.e. NDP= GDP – Depreciation

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