There are two firms in an economy. Firm A gives Rs. 20 to the workers as wages, and keeps the remaining 30 as its profits. Similarly, firm B gives 60 as wages and keeps 90 as profits. Calculate GDP?

1. Rs. 200
2. Rs. 120
3. Rs. 50
4. Rs. 150

Which of the following are included while calculating national income by expenditure method?

(A) Expenditure on single-use producer goods purchased by firms.

(B) Expenditure incurred by a private trust running an orphanage on the education of the children.

(C) Expenditure incurred by the government on building dams and bridges across the nation.

(D) Expenditure by foreigners on the final goods produced in the country.

Choose the correct answer from the options given below:

The tea leaves purchased by the consumer, are brewed to make drinkable tea. This is an example of:

Which of the following indicates the sum total of Net National Product at market prices and other current transfers from the rest of the world:

1. Private Income.
2. National Disposable Income.
3. Gross Value Added.
4. Transferred Income.

An annual allowance for wear and tear of capital goods is defined as?

Suppose a country only produces bread. In the year 2000 it had produced 100 units of bread, price was Rs. 10 per bread. In 2001, the same country produced 110 units of bread at price was Rs. 15 per bread. In 2001, the nominal and real GDP are : (base year is 2000)

Calculate the value of $GDP_{MP}$ of an open economy from the given table values