CUET Economics 2025 28 May Shift 1 PYQs

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.

(C) Intermediate goods crossed production process boundary.

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

Nominal Interest Rate =

Gross Domestic Product at Market Price is the?

1. Gross Domestic Product at market price less net product taxes.
2. Market value of all final goods and services produced within a domestic territory of a country measured in a given financial year.
3. Expenditure to maintain the current GDP level.
4. Income earned by factors in the form of interest, profit, wages within the domestic territory of a country.