India's expenditure on public health in the year 2015-16 was _____.
India's expenditure on public health in the year 2015-16 was 1.3% of the GDP.
GDP Deflator in India Increased to 119.50 Index Points in 2-16 from 117.80 Index point in 2015. Consider the following statemenst regarding the "GDP deflators" :
1) GDP deflator in India is reported by the Ministry of statistics and programme implementation (MOSPI)
2) GDP Deflator is a comprehensive measure of inflation
3) The GDP Deflator is ased on a fixed basket of goods and services.
Select the right statements
In the estimation of GDP (using expenditure method), we focus only on expenditure by the residents of a country. Is this true?