Start learning 50% faster. Sign in now
● Statement 1 incorrect: Net Domestic Product (NDP) is the GDP calculated after adjusting the weight of the value of ‘depreciation’. This is, basically, the net form of the GDP, i.e., GDP minus the total value of the ‘wear and tear’ (depreciation) that happened in the assets while the goods and services were being produced. o Thus, NDP = GDP - Depreciation. Statement 2 incorrect: The NDP of an economy has to be always lower than its GDP for the same year, since there is no way to cut the depreciation to zero. But mankind has achieved too much in this area through developments, such as ‘ballbearing’, ‘lubricants’, etc., all innovated to minimise the levels of depreciation. ● Statement 3 correct: NDP has following usage: For domestic use: to understand the historical situation of the loss due to depreciation to the economy. To understand and analyse the sectoral situation of depreciation in industry and trade in comparative periods. To show the achievements of the economy in the area of research and development, which have tried cutting the levels of depreciation in a historical time period. NDP is not used for the comparative economies since the rate of depreciation is different for different countries. In India NDP is announced by the Ministry of Commerce and Industry.
When evaluating an argument, what does it mean to "beg the question"?
Statement: Is obesity a disease?
Arguments:
I. Yes, Obesity like other diseases impairs the normal functioning of the body.
...
Statement: Should there be a complete ban on extracurricular activities in college.
Arguments:
I. No, the...
Statement: Should school-going children have internet access at home?
Arguments:
I. Yes, because through the internet students can h...
Statement: Should India encourage one child policy, when our population is increasing day by day?
Arguments:
1) Yes, we have to contr...
Statement: Should graduation be made minimum educational qualification for entry level jobs in any public sector organisation?
Argument:
...Statement: Should the government revoke the GST and bring in the previous tax regime?
Argument I: Yes, the state governments are unable to recove...
Statement: Should export of food grains be banned keeping in view the unexpected drought situation in the country?
Argument I: No, it won’t...