CUET Economics 2025 28 May Shift 2 PYQs

Arrange the following in correct sequence for calculating National Income.

(A) Add Net Factor income from abaord.

(B) Deduct value of Intermediate Goods.

(C) Calculate the value of output.

(D) Deduct Depreciation and NIT.

Choose the correct answer from the options given below:

Prices of a given basket of commodities which are bought by the representative consumer is indicated by which of the following?

1. Wholesale Price Index
2. Consumer Price Index
3. Market price
4. Commodity Price

Which statements are true in terms of basic national income aggregates:

(A) GNP at factor cost measures the value of output received by the factors of production belonging to a country in a year.

(B) GDP is the market value of all intermediate goods and final goods and services produced within a domestic territory of a country measured in a year.

(C) NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

(D) GDP at factor cost is gross domestic product at market prices, less net product taxes.

Choose the correct answer from the options given below: