Match the LIST-I with LIST-II
LIST-I LIST-II A. An Enquiry into the Nature and Cause of the Wealth of Nations I. John Maynard Keynes B. General Theory of Employment, Interest and Money II. Real GDP C. The GDP calculated at current market price III. Adam Smith D. The GDP calculated at some constant set of prices IV. Nominal GDP
Choose the correct answer from the options given below:
Match the LIST-I with LIST-II
| LIST-I | LIST-II |
|---|---|
| A. An Enquiry into the Nature and Cause of the Wealth of Nations | I. John Maynard Keynes |
| B. General Theory of Employment, Interest and Money | II. Real GDP |
| C. The GDP calculated at current market price | III. Adam Smith |
| D. The GDP calculated at some constant set of prices | IV. Nominal GDP |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 2
The Wealth of Nations was written by Adam Smith (A-III) and the General Theory by John Maynard Keynes (B-I). GDP measured at current market prices is Nominal GDP (C-IV), while GDP measured at a constant set of base-year prices is Real GDP (D-II). Hence A-III, B-I, C-IV, D-II.
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