WBCS.LIVE practice question

Which of the following statements is/are correct? I. Only marketed goods are considered while estimating Gross Domestic Product (GDP). II. The work done by a woman at her home is outside the purview of Gross Domestic III. In estimating GDP, only final goods and services are considered.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Only II and III
  2. I, II and III
  3. Only I and III
  4. Only II

Correct answer and explanation

Correct answer: Only II and III