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Earn 100

Increase in Real GDP always indicates that welfare of people is rising.
(a)True
(b)False

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Important Questions on National Income Accounting
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"Industrial waste driven into rivers is an example of positive externality".

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When Nominal Gross Domestic Product (GDP) is crores and Price Index is , Real Gross Domestic Product (GDP) will be_____.

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Distinguish between the Domestic Product and National Product, giving a suitable example in support of your answer.

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