Select the correct statements in the context of measuring national income by product method. A. It calculates the aggregate annual value of goods and services produced in the country. B. The value added is a stock variable. C. The value added of a firm is distributed among its factors of production. D. The value added of a firm is the value of production of the firm minus the value of intermediate goods used by the firm. Choose the correct answer from the options given below:

Question

Option 1: A, B and D only

Option 2: A, C and D only

Option 3: A, B, C and D

Option 4: B, C and D only

AfterBoards · Accepted Answer

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

List-I	List-II
(A) C + I +G + X –M	(I) Gross National Product at Market Prices.
(B) GDP_MP – Net indirect tax	(II) Net National Product at Market Prices.
(C) GDP_MP + NFIA	(III) Gross Domestic Product at Market Prices.
(D) GNP_MP - Depreciation	(IV) Gross Domestic Product at Factor Cost.

CUET Economics 2026 21st May Shift 2 PYQs

Keyboard Shortcuts