CUET Economics PYQs

Which of the following statements are true in macroeconomics?

(A). GVA at factor costs + Net production taxes = GVA at basic prices.

(B). GVA at basic prices + Net product taxes = GVA at market prices.

(C). GNP ≡ GDP - Net factor income from abroad.

(D). NNP ≡ GNP – Depreciation.

Choose the correct answer from the options given below:

Identify the correct statement from the following.

The unsold finished goods, or semi-finished goods, or raw materials which a firm carries from one year to the next is a .....?

1. Flow and stock variable
2. Flow variable
3. Stock variable
4. Constant variable