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:

15 May Shift 1

From the following, find the right sequence for measuring National Income by Value Added Method:

(A) Subtract the value of depreciation and net indirect taxes and add net factor income from abroad to arrive at national income.

(B) Estimate the sum total value of output in the primary, secondary and tertiary sectors in the economy.

(C) Estimate the value added of each sector by subtracting intermediate consumption from the value of output for every sector.

(D) Calculate gross value added as the sum of value added of the three sectors.

14 May Shift 1

Choose the correct statements:

(A) Intermediate goods are used as raw materials or inputs for production of other commodities.

(B) Consumer goods are consumed when purchased by their ultimate consumers.

(D) Capital goods have a durable character which are used in the production process.

22 May Shift 2

Arrange the following in correct sequence for calculating National Income.

(A) Add Net Factor income from abaord.

(B) Deduct value of Intermediate Goods.

(D) Deduct Depreciation and NIT.

Choose the correct answer from the options given below:

CUET Economics 2025 13 May Shift 1 PYQs