CUET Economics 2026 23rd May Shift 1 PYQs

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.

Identify the items which will be classified as stock items.

(A) Production

(B) Money supply

(C) Interest on deposits

(D) Savings

(E) Capital stock in a Country

Choose the correct answer from the options given below :

Identify the assumptions of the two - sector economy's circular flow of income.

(A) There is no trade with other countries.

(B) Households do not spend all their income.

(C) There is no government.

(D) Households do not save.

Choose the correct answer from the options given below: