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With reference to the Double Deflation Method used in national income accounting, consider the following statements:

1.It involves separately deflating gross output and intermediate consumption.

2.It becomes particularly relevant when prices of inputs and outputs move differently.

3.It necessarily results in a higher estimate of real GVA than methods using a single broad price index.

4.It seeks to improve the measurement of real value addition.

Which of the statements given above are correct?

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1. Which one of the following is the  correct sequences in respect of the Roman numerals­ C,D,L and M ?

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