CUET Economics - From the following find the statements related to GDP and the welfare of the economy (A) The domestic services that women perform at home are considered in the calculation of GDP. (B) Harmful effects caused due to carbon emissions from factory production are not counted as GDP. (C) The rise in GDP may be concentrated in the hands of very few individuals or firms. (D) Higher levels of GDP always ensure higher welfare. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 30 May Shift 2

Macro

Medium

(B) and (C) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (B) and (D) only

✅ Correct Option: 1

Related questions:

22 May Shift 1

Consumption, investment and government spending are the major components of ......?

28 May Shift 1

Which of the following is correct regarding National Income Accounting ?

In order to compare the GDP figures of the same countries at different points of time, nominal GDP is used.
In order to compare the GDP figures of different countries, real GDP is used.
Flows are defined at a particular point of time.
Stocks are defined over a period of time.

15 May Shift 1

Which of the following are used to estimate GDP by expenditure method?

(A) The final consumption expenditure on the goods and services produced by the firm.

(B) The expenditure that the government makes on the final goods and services produced by firm.

(D) The final investment expenditure

Choose the correct answer from the options given below:

CUET Economics 2025 30 May Shift 2 PYQs