Civil Services UPPSC RO ARO 2024-25 Mock Tests Series General Knowledge Economy National Income Accounting
Which of the following statements is/are incorrect?
1. Gross National Product (GNP) is calculated by adding Net factor income from abroad to Gross Domestic Product (GDP).
2. Gross Value Added (GVA) is the sum of a country’s GDP and net of subsidies and taxes in the economy.
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2