Consider the following statements.
1. The Net Domestic Product is the GDP calculated after adjusting the weight of the value of 'depreciation'.
2. The Gross Domestic Product is the 'national income' according to which the International Monetary Fund (IMF) ranks the countries in terms of the volumes at Purchasing Power Parity (PPP).
3. Intermediate goods are now included while calculating the National Income.
Which among the above statements is/are correct?
1
1 only
2
2 and 3 only
3
2 only
4
1 and 2 only