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Consider the following statements regarding Gross domestic product (GDP)and Gross Value Added (GVA).1. GDP maps the economy from the expenditure or demand side, that is by adding up all the expenditures.2. GVA provides a picture of the economy from the supply side.3. GVA maps the value-added by different sectors of the economy such as agriculture, industry and services.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Gross domestic product (GDP)and Gross Value Added (GVA).1. GDP maps the economy from the expenditure or demand side, that is by adding up all the expenditures.2. GVA provides a picture of the economy from the supply side.3. GVA maps the value-added by different sectors of the economy such as agriculture, industry and services.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Gross domestic product (GDP)and Gross Value Added (GVA).1. GDP maps the economy from the expenditure or demand side, that is by adding up all the expenditures.2. GVA provides a picture of the economy from the supply side.3. GVA maps the value-added by different sectors of the economy such as agriculture, industry and services.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.

Solutions for Consider the following statements regarding Gross domestic product (GDP)and Gross Value Added (GVA).1. GDP maps the economy from the expenditure or demand side, that is by adding up all the expenditures.2. GVA provides a picture of the economy from the supply side.3. GVA maps the value-added by different sectors of the economy such as agriculture, industry and services.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements regarding Gross domestic product (GDP)and Gross Value Added (GVA).1. GDP maps the economy from the expenditure or demand side, that is by adding up all the expenditures.2. GVA provides a picture of the economy from the supply side.3. GVA maps the value-added by different sectors of the economy such as agriculture, industry and services.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding Gross domestic product (GDP)and Gross Value Added (GVA).1. GDP maps the economy from the expenditure or demand side, that is by adding up all the expenditures.2. GVA provides a picture of the economy from the supply side.3. GVA maps the value-added by different sectors of the economy such as agriculture, industry and services.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Gross domestic product (GDP)and Gross Value Added (GVA).1. GDP maps the economy from the expenditure or demand side, that is by adding up all the expenditures.2. GVA provides a picture of the economy from the supply side.3. GVA maps the value-added by different sectors of the economy such as agriculture, industry and services.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Gross domestic product (GDP)and Gross Value Added (GVA).1. GDP maps the economy from the expenditure or demand side, that is by adding up all the expenditures.2. GVA provides a picture of the economy from the supply side.3. GVA maps the value-added by different sectors of the economy such as agriculture, industry and services.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding Gross domestic product (GDP)and Gross Value Added (GVA).1. GDP maps the economy from the expenditure or demand side, that is by adding up all the expenditures.2. GVA provides a picture of the economy from the supply side.3. GVA maps the value-added by different sectors of the economy such as agriculture, industry and services.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.