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SSC CGL 2022 PYQ — Question 35

SSC CGL - 13 April 2022 - Shift 3 • General Awareness • Q35

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According to the Output Method, GDP is calculated as:

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Correct answer: A

Explanation

The correct answer is option 1 i.e. GDP at Constant Prices – Taxes + Subsidies.

  • GDP (as per output method) = Real GDP (GDP at constant prices) – Taxes + Subsidies.
  • The GDP Output Method measures the monetary or market value of all the goods and services produced within the borders of the country.
  • GDP growth rate is an important indicator of the economic performance of a country. It is the percentage increase in GDP from year to year.