What are the accounting values of GDP called?

ex post

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national income

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probability income

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I=S

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Solution

The correct option is A ex post
The accounting values of GDP are called ex post which refers to the actual aggregates of all economic variables. For example, ex post savings and ex post investment which refers to the actual savings and actual investment of an economy in a specified period of time.

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Similar questions

Recently the government has changed the calculation method of Nation Income. Consider the following statements regarding this-

1. GDP at Factor cost and not GDP at Market price will define the GDP of the nation

2. The new series of National Income Accounts has revised the base year from 2004-05 to 2010-11.

3. Individual Industry wise estimate will be presented as Gross Value Added (GVA) at basic prices.

4. IMF and WTO also provide projected growth for India.

Which of the above statements is/are incorrect?

Particulars	Rs. in crores
(i) National Income (ii) Consumption of Fixed Capital (iii) Factor income from abroad (iv) Indirect Taxes (v) Subsidies (vi) Factor income to abroad	6,700 180 100 130 70 150

Q. Which of the following statements with reference to the National Income Accounting is/are correct?

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