Which of the following are limitations of using GDP as a sole indicator of welfare? A. Public park used for recreation activities. B. It does not account for income equality. C. It does not evaluate the value of unpaid household work. D. It can be increased due to activities which may be harmful to the environment. Choose the correct answer from the options given below:

Question

Option 1: A, B, C and D

Option 2: A, B and C only

Option 3: A, C and D only

Option 4: A, B and D only

AfterBoards · Accepted Answer

The answer is 'A, B, C and D'. View full solution:

List-I	List-II
(A) Final durable goods which are used in the production process for creation of goods	(I) Depreciation
(B) Wear and tear of capital	(II) Product method
(C) Measuring aggregate value of final goods and services produced by all the firms is part of	(III) Net value added
(D) Deduction of the value of depreciation from gross value added	(IV) Capital goods

CUET Economics 2026 15th May Shift 1 PYQs

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