Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

If there are N firms in the economy, each assigned with a serial number from 1 to N, then as per the product method, GDP can be written as ______.

Options:

GVA1 – GVA2 ..... – GVAN

NVA1 + NVA2 ..... + NVAN

GVA1 + GVA2 ..... + GVAN

GVA1 + NVA2 + GVA3 + NVA4.........

Correct Answer:

GVA1 + GVA2 ..... + GVAN