A state's Gross Value Added (GVA) at basic prices is distributed as follows: - Primary Sector: 500 Crore units - Secondary Sector: 800 Crore units - Tertiary Sector: 1,200 Crore units The government provides 100 Crore in product subsidies and collects 300 Crore in product indirect taxes. Calculate the Gross Domestic Product (GDP) of this state and the percentage share of the Industrial (Secondary) sector in the total GVA.

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Economics · National Income Accounting

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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GDP is 2,700 Crore; Industrial share is 32 percent.

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Answer 1

GDP is 2,900 Crore; Industrial share is 32 percent.

Answer 2

GDP is 2,700 Crore; Industrial share is 40 percent.

Answer 3

GDP is 2,500 Crore; Industrial share is 32 percent.

Answer 4

GDP is 2,700 Crore; Industrial share is 32 percent.

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