Civil Services APPSC Group I Services Prelims Mock Test Series 2025 General Knowledge Economy National Income Accounting
Consider the following statements:
1. Gross National Product includes the value of goods produced by Resident and Non- resident Citizens of a country.
2. In India, Net National Product at factor cost is used to calculate the National Income.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2