When goods and services are evaluated at constant prices, the measured value is known as ........ Option 1: Nominal GDP. Option 2: Inventory. Option 3: Inflation. Option 4: Real GDP.

The answer is 'Real GDP.'. View full solution:

CUET Economics - 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:

21 May Shift 1

Arrange the following in order as per Income method of measuring national Income.

(A) Classifying the production units into primary, secondary and tertiary sector on the basis of their occupational activities

(B) Adding the net factor income from abroad.

(D) Finding the factor payments made by each production unit and classifying it into compensation of employees, operating surplus and mixed income.

Choose the correct answer from the options given below:

30 May Shift 1

Which of the following makes GDP an inappropriate index of welfare?

(A) Distribution of GDP.

(B) Externalities.

(D) Price Index.

Choose the correct answer from the options given below:

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: