Question : While computing Net Economic Welfare (NEW), which of the following items is subtracted from Gross National Product (GNP)?
Option 1: Value of leisure time
Option 2: Adjustments for congestion of urban life
Option 3: Do-it-yourself activities
Option 4: The underground economy
New: SSC CHSL tier 1 answer key 2024 out | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Adjustments for congestion of urban life
Solution : The correct answer is Adjustments for the congestion of urban life.
Adjustments for the crowded and busy nature of urban life are necessary because they reduce the enjoyment and happiness of living in cities. To calculate Net Economic Welfare (NEW), these values are subtracted from the Gross National Product (GNP).
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : Net domestic product is calculated as_______.
Question : Gross Domestic Product less Depreciation is________.
Question : In the estimation of national income, which of the following items will be subtracted from Net national product (NNP) at market price?
Question : Which one of the following is not a method for computing Gross National Product (GNP)?
Question : What is the most generally used indicator of overall economic performance?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile