UPSC Civil Services Model Paper 7

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Question : 65 of 100
 
Marks: +1, -0
Which of the following statements is/are incorrect ?
1. Gross National Product (GNP) is calculated by adding Net factor income from abroad to Gross Domestic Product (GDP).
2. Gross Value Added (GVA) is the sum of a country’s GDP and net of subsidies and taxes in the economy.
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