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Match the LIST-I with LIST-II

LIST-ILIST-II
A. An Enquiry into the Nature and Cause of the Wealth of NationsI. John Maynard Keynes
B. General Theory of Employment, Interest and MoneyII. Real GDP
C. The GDP calculated at current market priceIII. Adam Smith
D. The GDP calculated at some constant set of pricesIV. 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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