The term ‘Gross’ is being used for Gross Domestic Product (GDP) because its computation does NOT exclude which of the following factors?
Gross Domestic Product ( GDP ) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. · "Gross" (in " Gross Domestic Product") indicates that products are counted regardless of their subsequent use. A product can be used for consumption, for investment, or to replace an asset. In all cases, the product's final "sales receipt" will be added to the total GDP figure. · In contrast, "Net” in the Net Domestic Product (NDP) takes into account the depreciation of the asset used. NDP = GDP – Depreciation During production process fixed capital assets like machines, building etc. get depreciated and their value goes down. This is known as normal wear and tear of machinery or consumption of fixed capital or depreciation.
Fill in the blank with appropriate article. India will become ________ super power shortly.
Fill in the blanks with suitable articles from among the choices given below them:
It was truly _______ memorable party.
The young entrepreneur was determined to ____________ her business idea, despite facing numerous setbacks and challenges along the way.
In his Foreword to its first edition, Jawaharlal Nehru writes, “C Rajagopalachari is the acknowledged expert in this domain and the unquestioned lead...
As a resident _____ Los Angeles, it was rather unnerving ________ I had not tried to get on any of the shows available locally. _______ Ellen DeGeneres...
T’ai Chi is a form of martial art but you don’t have to go harder or faster to reap fitness and health benefits. (_______________). Instead, it pla...
It is heartening _________ China, which has achieved rapid economic growth and _________ in GHG emissions,is firmly behind the pactto reduce the risk of...
They were ________________ by nature with a strong work ethic and a firm belief in self-sufficiency.
The climate of Pune is better…….…………….
Fill in the blanks with the appropriate antonym of the words highlighted from among the choices given below them:
The criminal received th...