Economics · National Income Accounting
In the framework of India’s national income statistics, consider the following macroeconomic measures evaluated at current prices: I. Value of final goods and services produced within domestic boundaries II. Gross value generated by producers measured at basic prices III. Income earned by residents, including net earnings from abroad IV. Total income available to residents after accounting for net transfers Arrange the above measures in ascending order of magnitude.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1II – IV – I – III
- 2II – IV – III – I
- 3II – I – III – IV✓
- 4II – III – I – IV
Correct answer
II – I – III – IV
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