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Consider the following statements regarding gross domestic product (GDP) and gross value added (GVA). GDP = (GVA) + (Subsidies provided by the government) — (Taxes earned by the government). If the taxes earned by the government are more than the subsidies it provides, the GDP will be higher than GVA.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 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). GDP = (GVA) + (Subsidies provided by the government) — (Taxes earned by the government). If the taxes earned by the government are more than the subsidies it provides, the GDP will be higher than GVA.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 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). GDP = (GVA) + (Subsidies provided by the government) — (Taxes earned by the government). If the taxes earned by the government are more than the subsidies it provides, the GDP will be higher than GVA.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements regarding gross domestic product (GDP) and gross value added (GVA). GDP = (GVA) + (Subsidies provided by the government) — (Taxes earned by the government). If the taxes earned by the government are more than the subsidies it provides, the GDP will be higher than GVA.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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). GDP = (GVA) + (Subsidies provided by the government) — (Taxes earned by the government). If the taxes earned by the government are more than the subsidies it provides, the GDP will be higher than GVA.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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). GDP = (GVA) + (Subsidies provided by the government) — (Taxes earned by the government). If the taxes earned by the government are more than the subsidies it provides, the GDP will be higher than GVA.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements regarding gross domestic product (GDP) and gross value added (GVA). GDP = (GVA) + (Subsidies provided by the government) — (Taxes earned by the government). If the taxes earned by the government are more than the subsidies it provides, the GDP will be higher than GVA.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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). GDP = (GVA) + (Subsidies provided by the government) — (Taxes earned by the government). If the taxes earned by the government are more than the subsidies it provides, the GDP will be higher than GVA.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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). GDP = (GVA) + (Subsidies provided by the government) — (Taxes earned by the government). If the taxes earned by the government are more than the subsidies it provides, the GDP will be higher than GVA.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.