Sawaal
5
Q:

GDP can be calculated by summing

A) Consumption, investment, government purchases, and net exports B) Consumption, investment, government spending, and imports
C) Consumption, investment, government purchases, and imports D) Consumption, investment, wages, and rent

Answer:   A) Consumption, investment, government purchases, and net exports



Explanation:

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

Simply, GDP is a broad measurement of a nation’s overall economic activity. 

It is calculated by summation of Consumption, investment, government purchases, and net exports.

Subject: Indian Economy
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst
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