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Question

After a rough estimation, we have the following results ( in crore rupees ).

Value of goods produced: 500

Value of services produced: 700

Net value of shares transacted: 800

Net value of bonds sold and purchased: 200

Which of the following is the right measure of GDP using only these results?


  1. 2,200

  2. 200

  3. 1,200

  4. 1,000


Solution

The correct option is C

1,200


As purely financial activities are not included, the GDP is simply the sum of the value of the goods and services. So, 700 + 500 = 1,200

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