CUET Economics PYQs

Which of the following are correct statements regarding Gross Domestic Product (GDP)?

(A) GDP is a measure of the welfare of a country.

(B) Real GDP is measured at current market prices.

(C) Expenditure method estimate =Income Method estimate =Product Method estimate=GDP of a country.

(D) Gross National Product at factor cost = GDP$_{MP}$ + Net factor income from abroad.

Choose the correct answer from the options given below:

1. (A), (B) and (D) only
2. (A), (B) and (C) only
3. (A), (B), (C) and (D)
4. (B), (C) and (D) only

Match List - I with List - II.

List - I | List - II

(A) Indirect Tax | (I) GDP of India

(B) Stock | (II) Corporate Tax

(C) Flow | (III) Goods and Service Tax

(D) Direct Tax | (IV) Natural Wealth of an Economy

Choose the correct answer from the options given below :

Which statement is not related to the inventory.