Fiscal Consolidation in India
Quick practice
Question 1 of 5
Consider the following questions in the context of G.D.P-
1 The annual percentage change in GDP is the growth rate of an economy.
2. Growing economy means that a country's income is still decreasing in magnitude.
Which of the above statements is / are true?
(
A
Neither 1 nor 2
B
Both 1 and 2
C
2 only
D
1 only
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