GyanGramIn the context of Indian economy consider the following statements : 1. The growth rate of GDP has steadily i…
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In the context of Indian economy consider the following statements :
1. The growth rate of GDP has steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.
Which of the statements given above is/are correct?
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• Correct Answer: D
• GDP growth has fluctuated, not steadily risen, due to pandemic shocks and cyclical variations.
• Per capita income also varies with population growth and inflation; neither shows a linear trend.
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