Gross Domestic Savings as percent of GDP at current market prices in India in 2006–2007 was:
Gross domestic saving was approximately 34.8% of GDP at current market prices in the contemporary 2006–07 national-accounts series. This is the saving rate, distinct from…
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Gross Domestic Savings as percent of GDP at current market prices in India in 2006–2007 was:
Answer and explanation
Correct answer B
Gross domestic saving was approximately 34.8% of GDP at current market prices in the contemporary 2006–07 national-accounts series. This is the saving rate, distinct from the higher investment rate when the current account is in deficit. The exact historical estimate should be checked against the source-vintage national accounts during later verification.
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UGC NET Economics