Economics · National Income Accounting
Consider the following statements regarding the relationship between GDP and welfare: 1. An increase in real GDP always implies an increase in economic welfare. 2. GDP measured at market prices may diverge from welfare outcomes due to fiscal policy changes. 3. National Income is a closer proxy to income available to residents than GDP. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 11 and 2 only
- 22 and 3 only✓
- 31 and 3 only
- 43 only
Correct answer
2 and 3 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice National Income Accounting MCQs →Want more practice questions on National Income Accounting?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · National Income Accounting