GDFCF Full Form Explained
The question asks for the correct expansion of the acronym GDFCF.
Understanding GDFCF
GDFCF stands for Gross Domestic Fixed Capital Formation. Let's break it down:
- G stands for Gross: Total amount before deductions.
- D stands for Domestic: Relating to the country's internal economy.
- F stands for Fixed: Refers to fixed assets like buildings and machinery.
- C stands for Capital: Refers to assets used in production.
- F stands for Formation: The process of creating or adding to these assets.
Correct Full Form
Therefore, the correct full form is Gross Domestic Fixed Capital Formation.
Analysis of Options
- Option 1: Gross Domestic Fixed Currency Formation - Incorrect.
- Option 2: Gross Development Funding Capital Formation - Incorrect.
- Option 3: Gross Domestic Fixed Capital Formation - Correct.
- Option 4: Gross Development on Fixed Capital Formation - Incorrect.
Similar Questions
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Important Questions from National Income Accounting
Division of labour often involves
1. specialized economic activity.
2. highly distinct productive roles.
3. involving everyone in many of the same activities.
4. individuals engage in only a single activity and are dependent on others to meet their various needs.
Select the correct answer using the code given below:
Which of the following is NOT one of the methods of national income estimation?
Cash Reserve Ratio (CRR) is calculated as a percentage of each bank's _____.
What do you call a proportionate saving in costs gained by an increased level of production?
Which of the following statements is/are correct?
I. Only marketed goods and considered while estimating Gross Domestic Product (GDP).
II. The work done by a woman at her home is outside the purview of Gross Domestic Product.
III. In estimating GDP, only final goods and services are considered.
