L02: National Income Accounting - Economics Revision Series UPSC Prelims 2026 | PW Udaan Magazine

Описание: Welcome back to the second lecture of our Economics Revision Series for UPSC Prelims 2026!
In this session, we dive deep into National Income Accounting based on the latest PW Udaan Magazine. Understanding the nuances between GDP, GNP, NNP, and the methods of calculation is crucial for tackling conceptual questions in the Indian Economy section.

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Key Highlights of this Lecture:
✅ GDP, GNP, NDP, and NNP: Breaking down the differences
✅ Factor Cost vs. Market Price & Basic Prices
✅ Real GDP vs. Nominal GDP (The GDP Deflator)
✅ Calculation Methods: Value Added, Expenditure, and Income
✅ Important trends mentioned in the PW Udaan Magazine

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