CUET Economics 2025 13 May Shift 1 - When goods and services are evaluated at constant prices, the measured value is known as ........ | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Macro

Easy

Nominal GDP.

Inventory.

Inflation.

Real GDP.

✅ Correct Option: 4

Related questions:

13 May Shift 2

Goods which are traded in large quantity and are not purchased by ordinary consumers. The price measure of such trading is known as .......

15 May Shift 1

A farmer produces cotton in his farm and sells it to the yarn making firm at Rs 2500. The yarn making firm sells this yarn to the cloth mill for Rs 4000, who make cloth from it and this cloth is sold to a readymade garments factory for Rs 6500. The ready made garments factory sells the garments to the retailer for Rs 9000 and makes a profit of Rs 2000.

Assuming that the farmer does not incur any intermediate cost, what will be total value added in the above process?

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:

CUET Economics 2025 13 May Shift 1 PYQs

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