CUET Economics - The well-being and wealth of the economy may not resonate only with possession of resources. It should .................... | PYQs + Solutions

CUET Economics 2025 30 May Shift 2

Macro

Medium

Consider for how long the resources are held.

Consider how these resources are used in generating a continuous flow of income and wealth.

Consider whether the possession of resources is increasing with the passage of time or not.

Consider whether the resources fulfill the need for next 10 years or not.

✅ Correct Option: 2

Related questions:

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) Gross Domestic Product at Market Prices (GDPₘₚ)	(I) All the economic output produced by a nation’s normal residents, whether they are located within the national boundary or abroad.
(B) Net Domestic Product at Market Prices (NDPcₘₚ)	(II) Sum of income earned by all factors in the production in the form of wages, profits, rent and interest, etc., belonging to a country during a year.
(C) Gross National Product at Market Prices (GNPₘₚ)	(III) All production done by the national residents or the non-residents in a country gets included, regardless of whether that production is owned by a local company or a foreign entity.
(D) National Income (NI)	(IV) Income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

Choose the correct answer from the options given below: |

22 May Shift 1

What is GDP deflator?

16 May Shift 1

Which of the following will be included in the domestic territory of India?

CUET Economics 2025 30 May Shift 2 PYQs