CUET Economics - Which of the following activity is a limitation to GDP as an indicator of welfare? | PYQs + Solutions

CUET Economics 2026 23rd May Shift 1

Macro

Easy

Teacher teaching in school.

Services of a mother in helping her child to do homework.

Construction of a road by municipal corporation.

Electricity production for providing street light.

✅ Correct Option: 2

Related questions:

3 June Shift 1

Identify the scenario which would lead to an increase in GDP, but might not necessarily improve overall welfare?

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:

15 May Shift 1

From the following, find the right sequence for measuring National Income by Value Added Method:

(A) Subtract the value of depreciation and net indirect taxes and add net factor income from abroad to arrive at national income.

(B) Estimate the sum total value of output in the primary, secondary and tertiary sectors in the economy.

(C) Estimate the value added of each sector by subtracting intermediate consumption from the value of output for every sector.

(D) Calculate gross value added as the sum of value added of the three sectors.

CUET Economics 2026 23rd May Shift 1 PYQs

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