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Consider the following Assertion (A) and Reason (R) and choose the correct code : Assertion (A) : The National Product measures all goods and services that arise out of economic activity, whereas National Income is the sum of all incomes as a result of the economic activity. These two are synonymous. Reason (R) : The Production of goods and services is the outcome of the use of capital and labour, along with the raw materials, and this automatically generates income. Code :
Correct Answer: (a)
Official keyThis question appeared in the APPSC Prelims 2024 examination (GS (Group-I)). It is Question 81 out of 386 questions in this paper. Section: Indian and Andhra Pradesh Economy and Planning.
This question was part of the APPSC Prelims 2024 (GS (Group-I)). The APPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all APPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.