CUET Economics 2025 31 May Shift 1 - Which of the following are correct statements regarding Gross Domestic Product (GDP)? (A) GDP is a measure of the welfare of a country. (B) Real GDP is measured at current market prices. (C) Expenditure method estimate =Income Method estimate =Product Method estimate=GDP of a country. (D) Gross National Product at factor cost = GDP_MP + Net factor income from abroad. Choose the correct answer from the options given below: 1. (A), (B) and (D) only 2. (A), (B) and (C) only 3. (A), (B), (C) and (D) 4. (B), (C) and (D) only | PYQs + Solutions

CUET Economics 2025 31 May Shift 1

Macro

Medium

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

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

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

(B), (C) and (D) only

✅ Correct Option: Drop

Related questions:

3 June Shift 2

Match List-I with List-II

List-I	List-II
(A) GNP $_{MP}$ - Depreciation	(I) NNP $_{MP}$
(B) GDP $_{MP}$ + NFIA	(II) GNP $_{MP}$
(C) NNP $_{MP}$ - Net Product Taxes - Net Production Taxes	(IV) NNP $_{FC}$
(D) GVA $_{MP}$	(III) GDP $_{MP}$

Choose the correct answer from the options given below:

27 May Shift 2

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:

21 May Shift 1

Which of the following are stock variable(s)?

(A) Population

(B) Capital formation

(D) Change in inventories

Choose the correct answer from the options given below:

CUET Economics 2025 31 May Shift 1 PYQs

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