CUET Economics - Identify which of the following statements is true about the final goods? | PYQs + Solutions

CUET Economics 2025 29 May Shift 2

Macro

Easy

Passes through the stages of production.

Undergo transformation by the action of the retailer.

A product that will not pass through any more stages of production or transformation.

Resale of the product by traders.

✅ Correct Option: 3

Related questions:

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:

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Any new addition to capital stock in an economy is measured by _________.

30 May Shift 2

Consider the following statement related to Aggregate Income

(A) Aggregate revenue received by the firms is paid out to the factors of production it is considered as aggregate income.

(B) Aggregate Income can be calculated by calculating the aggregate value of goods and services produced by the firms.

(C) Income is being spent on the goods and services produced by the firms. It takes the form of aggregate expenditure received by firms.

(D) Aggregate Income can not only be calculated through aggregate expenditure. There are other methods that exist.

Which of the following combination of statements best explains the concept of Aggregate Income?

CUET Economics 2025 29 May Shift 2 PYQs