Answer following two questions (54 and 55) based on the information in Table 1 Table 1: Macro data for an economy (Crores of Rupees) | Items | Crores of Rupees | Consumption | 4800 | Investment | 1250 | Transfer payments | 1055 | Government expenditures | 1250 | Exports | 1100 | Imports | 900 | In Table 1, the gross domestic product (GDP) is equal to (A) 7300 (B) 7500 (C) 10355 (D) 9300

UoH 2019 Question 54: National income accounting

Answer following two questions (54 and 55) based on the information in Table 1

Table 1: Macro data for an economy (Crores of Rupees)

In Table 1, the gross domestic product (GDP) is equal to

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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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