Calculate the value of GDP_MP of an open economy from the given table values Option 1: 16.42 Lacs Option 2: 15.78 Lacs Option 3: 15.75 Lacs Option 4: 16.22 Lacs

The answer is '15.78 Lacs'. View full solution:

CUET Economics - Calculate the value of GDP_MP of an open economy from the given table values | PYQs + Solutions

CUET Economics 2026 11th May Shift 1

Macro

Easy

16.42 Lacs

15.78 Lacs

15.75 Lacs

16.22 Lacs

✅ Correct Option: 2

Related questions:

30 May Shift 2

Consider the following statement related to Aggregate Income

(A) Aggregate revenue received by the firms is paid out to the factors of production it is considered as aggregate income.

(B) Aggregate Income can be calculated by calculating the aggregate value of goods and services produced by the firms.

(C) Income is being spent on the goods and services produced by the firms. It takes the form of aggregate expenditure received by firms.

(D) Aggregate Income can not only be calculated through aggregate expenditure. There are other methods that exist.

Which of the following combination of statements best explains the concept of Aggregate Income?

31st May Shift 1

The price at which goods are traded in bulk are known as:

30 May Shift 1

What will be the GDP by Income Method in crore ?

	Firm A	Firm B
Wages	20	60
Profits	30	90