35. Indian economic growth is measured by GDP at:
(a) Constant market prices
(b) Current market prices
(c) Factor Cost at constant prices
Answer: A
What impact has the GDP growth of 7.8 percent had?
(A) Indian Industry is anxious about India’s economic growth. (B) India has achieved status as the world’s third largest economy at present. (C) Foreign investment in India has drastically increased.
Human capital formation raises the production level and leads to economic growth by adding to GDP. State true or false.