Macro

National Income

Easy

If we deduct depreciation from $GNP_{mp}$ the measure of aggregate income that we obtain is called :

$GDP_{mp}$

$NNP_{mp}$

$NDP_{mp}$

$NDP_{FC}$

✅ Correct Option: 2

$GNP_{mp}$ - Depreciation = $NNP_{mp}$ . When we deduct depreciation (consumption of fixed capital) from any gross measure, the result is the corresponding net measure. Since we start with GNP at market price and only subtract depreciation, the national/domestic distinction and the mp/fc distinction remain unchanged, giving us $NNP_{mp}$ .

2025: 13 May Shift 1

Arrange the following steps of estimation of National Income by income method in the proper sequence.

(A) Identification and classification of producing firms.

(B) Estimation of NDPFC

(D) Classification of factor Income.

Choose the correct answer from the options given below:

2025: 22 May Shift 1

What is GDP deflator?

2026: 11 May Shift 2

The tea leaves purchased by the consumer, are brewed to make drinkable tea. This is an example of:

2025: 30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) GDP at constant price	(i) known as Nominal GDP
(B) GDP at current price	(ii) Increases only when there is increase in the quantum of output in the economy.
(C) Welfare of the people	(III) known as earned income
(D) Factor income	(IV) Measured in terms of the availability of goods and services

Choose the correct answer from the options given below:

2022: 19 July Shift 2

Which out of the following are intermediate goods ?

(A) Milk purchased by a household

(B) Sugar purchased by a restaurant

(D) Chalk and duster purchased by school

(E) Printer purchased by a lawyer

Choose the correct answer from the options given below :

2025: 22 May Shift 2

Nation Income – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the government and firms, is ______

If we deduct depreciation from GNPmpGNP_{mp}GNPmp​ the measure of aggregate income that we obtain is called :

Solution

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CUET Economics Past Year Questions (Topic-Wise)

If we deduct depreciation from $GNP_{mp}$ the measure of aggregate income that we obtain is called :