When the income is being spent on the goods and services produced by the firms, it takes the form of ________ received by the firms. Option 1: Aggregate Income. Option 2: Aggregate Expenditure. Option 3: Factor Payments. Option 4: Factor Services.

The answer is 'Aggregate Expenditure.'. View full solution:

CUET Economics - When the income is being spent on the goods and services produced by the firms, it takes the form of ________ received by the firms. | PYQs + Solutions

CUET Economics 2026 13h May Shift 2

Macro

Easy

Aggregate Income.

Aggregate Expenditure.

Factor Payments.

Factor Services.

✅ Correct Option: 2

Related questions:

31st May Shift 1

Match the LIST-I with LIST-II

GDP= Gross Domestic Product, GNP= Gross National Product, NNP= Net National Product

LIST-I		LIST-II
A. NNP at factor cost	I.	NNP
B. GNP - Depreciation	II.	National Income
C. GDP at market price	III.	Net investment
D. Gross investment - depreciation	IV.	$GNP_{MP}$ - Net factor income from abroad

Choose the correct answer from the options given below:

14 May Shift 1

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:

29 May Shift 2

In case of an unexpected fall in turnover of a firm, who is producing a certain commodity. There will a situation of _______________

Choose the correct option.