Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R): Assertion (A): While calculating GDP using the expenditure approach, the value of imports is subtracted. Reason (R): Imports are included when value of consumption and other components of expenditure are calculated. In the light of the above statements, choose the correct answer from the options given below:
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National income accounting has come up 132 times in 6 exams since 2010.
This question is on The expenditure method, part of National income accounting in Macroeconomics.
Measuring GDP as consumption, investment, government spending and net exports.
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Question from the CUET-PG 2023 Shift 1 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.