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In the context of calculating Real GDP in India, what is the primary reason for periodically revising the base year of national accounts?

Options:

  • A: To artificially inflate the GDP growth rate to match international standards
  • B: To ensure that nominal GDP always remains higher than real GDP
  • C: To capture structural changes, new products, and updated consumption patterns in the economy
  • D: To eliminate the need for calculating the GDP deflator

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