Value Added Method of calculating aggregate annual value of goods and services is also called : Option 1: Product Method Option 2: Income Method Option 3: Expenditure Method Option 4: Cost and Revenue Method

The answer is 'Product Method'. View full solution:

CUET Economics - Value Added Method of calculating aggregate annual value of goods and services is also called : | PYQs + Solutions

CUET Economics 2023 28 May Shift 2

Macro

Easy

Product Method

Income Method

Expenditure Method

Cost and Revenue Method

✅ Correct Option: 1

Related questions:

CUET Economics 2022 Slot 4

Suppose a country only produces bread. In the year 2000 it had produced 100 units of bread, price was Rs. 10 per bread. In 2001, the same country produced 110 units of bread at price was Rs. 15 per bread. In 2001, the nominal and real GDP are : (base year is 2000)

3 June Shift 2

Rahul buys $90 \text{ kg}$ of sugar and $5$ pairs of shoes in a year. In the year $2000$ , the price of a $\text{kg}$ of sugar was $\text{Rs } 10$ and a pair of shoes was $\text{Rs } 100$ . Now suppose the prices of a $\text{kg}$ of sugar and a pair of shoes have gone up to $\text{Rs } 15$ and $\text{Rs } 120$ in the year $2005$ . What is the Consumer Price Index?

28 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Not pass through any more stages of production or transformations	(I) Capital goods
(B) Consumed when purchased by their ultimate consumers	(II) Intermediate goods
(C) Gradually undergo wear and tear	(III) Final goods
(D) Used by other producers as material inputs	(IV) Consumption goods

Choose the correct answer from the options given below:

CUET Economics 2023 28 May Shift 2 PYQs

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