CUET Economics PYQs

What is the nominal GDP in 2021?

Which of the following are included while calculating national income by expenditure method?

(A) Expenditure on single-use producer goods purchased by firms.

(B) Expenditure incurred by a private trust running an orphanage on the education of the children.

(C) Expenditure incurred by the government on building dams and bridges across the nation.

(D) Expenditure by foreigners on the final goods produced in the country.

Choose the correct answer from the options given below:

If a farmer sells wheat to miller for Rs. 500 and miller sells flour to baker for Rs. 700 and baker sells bread to the consumer for Rs. 1000, then total value added by miller and baker is: