Macro

National Income

Medium

Identify the net contribution made by a firm from the following :

Domestic sales + Export + Change in stock - value of intermediate consumption.

Net value added.

Value added.

Gross value added.

Gross domestic product.

✅ Correct Option: 2

Value added -> The formula 'Domestic sales + Export + Change in stock - value of intermediate consumption' represents the contribution of a firm to production. Here, (Domestic sales + Export + Change in stock) gives the total value of output, and subtracting intermediate consumption (raw materials, inputs purchased from other firms) gives us Value Added. This measures the value created by the firm in the production process. -> correct

2025: 28 May Shift 1

The basis of the difference in income and product method of National Income Accounting is best deciphered by which of the following?

Product method measures the aggregate value of final goods and services produced by all the firms.
Income method measures the sum total of consumption expenditure.
Product method refers to the final consumption expenditure on the goods and services produced by the firm.
Income method refers to the fixed cost of the goods and services produced by the firm.

2023: 20 June Shift 1

Calculate compensation of employees from the following items:

Items	Rs in Crores
Profit after tax	20
Interest	45
$GDP_{MP}$	200
Goods and service tax	10
Depreciation	50
Rent	25
Corporate tax	5

Choose the correct option.

2025: 31 May Shift 1

Calculate Gross Domestic Product at market price (GDP $_{MP}$ ).

Rs. 3500 crores
Rs. 3137 crores
Rs. 3140 crores
Rs. 3000 crores

2023: 11 June Shift 3

From the following data calculate net domestic product at factor cost.

S.No.	Item	Rs. crore
(i)	Depreciation	20
(ii)	Gross National Products at factor cost	1000
(iii)	Net factor income from abroad	30
(iv)	Net indirect taxes	10

2022: 10 Aug Shift 2

Which of the following is considered as an intermediate good ?

2025: 29 May Shift 2

Match List-I with List-II

List-I	List-II
(A) C + I + G + (X-M) + NFIA	(I) $GDP_{MP}$
(B) $GDP_{MP}$ - Depreciation	(II) Domestic Income
(C) NDP MP - IT + Subsidies	(III) $NDP_{MP}$
(D) $NDP_{MP}$ + Depreciation	(IV) $GNP_{MP}$

Choose the correct answer from the options given below:

Identify the net contribution made by a firm from the following : Domestic sales + Export + Change in stock - value of intermediate consumption.

Solution

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CUET Economics Past Year Questions (Topic-Wise)

Identify the net contribution made by a firm from the following :

Domestic sales + Export + Change in stock - value of intermediate consumption.