Economics · National Income and GDP Concepts
Consider the following statements regarding GDP and National Income accounting: 1. Real GDP growth directly measures welfare improvements across all sections of society. 2. Net National Income adjusts for depreciation and net factor income flows. 3. GDP does not fully capture informal sector output. Which of these statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 22 and 3 only✓
- 32 only
- 41 only
Correct answer
2 and 3 only
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