CUET Economics 2025 28 May Shift 1Macro > MediumDepartment of RevenueCentral Board of Direct TaxesCentral Statistics OfficeNiti Ayog✅ Correct Option: 3Related questions:CUET Economics 2022 Slot 4Suppose a country only produces bread. In the year 2000 it had produced 100 units of bread, price was Rs. 10 per bread. In 2001, the same country produced 110 units of bread at price was Rs. 15 per bread. In 2001, the nominal and real GDP are : (base year is 2000)28 May Shift 1The basis of the difference in income and product method of National Income Accounting is best deciphered by which of the following? Product method measures the aggregate value of final goods and services produced by all the firms. Income method measures the sum total of consumption expenditure. Product method refers to the final consumption expenditure on the goods and services produced by the firm. Income method refers to the fixed cost of the goods and services produced by the firm. 14 May Shift 1Arrange the following steps in sequence for estimating GNPMP in a particular year through the income method. (A) Adding consumption of fixed capital and Net Indirect Taxes. (B) Classify the economy into primary, secondary and tertiary sectors. (C) Estimation of Factor income within domestic territory. (D) Adding Net factor income from abroad.