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Which of the following best describes the relationship between GSDP and GDP?

AGSDP is always greater than GDP.

BGSDP and GDP are two names for the same thing.

CGDP is the sum of all GSDPs of a country.

DGSDP is calculated by subtracting a state's exports from its GDP.

Answer:

C. GDP is the sum of all GSDPs of a country.

Read Explanation:

  • Gross Domestic Product (GDP) is the sum of all the economic outputs of the individual states and union territories (their GSDPs) plus the economic activity of the central government, representing the total economic output of a nation.

Related Questions:

Which of the following is an example of an activity in the Primary Sector of GSDP?
How does Kerala's per capita GSDP compare to the national average?
Which of the following statements is true regarding social welfare in Kerala?

Which of the following statements accurately describe the key influencing factors of Kerala's economic development during its Third Phase (1991 onwards)?

  1. The economic reforms implemented by the Government of India since 1991 significantly influenced this phase.
  2. Decrease in public expenditure and investment was a major factor during this period.
  3. The substantial increase in migration and the flow of remittances played a crucial role.
  4. State policies had no discernible impact on this phase.

    Which of the following statements correctly describes the government's commitment to education in Kerala?

    1. The State Government and Local Self-Government institutions are committed to providing good quality infrastructure in educational institutions.
    2. There is a strong emphasis on maintaining a hygienic environment within educational institutions by the authorities.
    3. The government's role is limited to policy-making, with infrastructure development left to private entities.