Economics · National Income Concepts
Consider the following statements: 1. India's GDP at current prices is among the top three countries globally, but its GDP per capita does not rank in the top 100. 2. Nominal GDP allows for a more direct comparison of economic productivity and living standards between countries than Purchasing Power Parity (PPP) adjusted GDP. Which of the statement(s) given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither 1 nor 2
- 2Both 1 and 2
- 32 only
- 41 only✓
Correct answer
1 only
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