CUET Economics - Determine the GDP in the phase of distribution when firm X gives Rs.120 to the workers as wages, and keeps the 50 as its profits. Similarly, firm Y gives 250 as wages and keeps 70 as profits. | PYQs + Solutions

CUET Economics 2026 21st May Shift 2

Macro

Easy

490

370

250

120

✅ Correct Option: 1

Related questions:

27 May Shift 2

Which statements are true in terms of basic national income aggregates:

(A) GNP at factor cost measures the value of output received by the factors of production belonging to a country in a year.

(B) GDP is the market value of all intermediate goods and final goods and services produced within a domestic territory of a country measured in a year.

(C) NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

(D) GDP at factor cost is gross domestic product at market prices, less net product taxes.

Choose the correct answer from the options given below:

1 June Shift 1

To find Gross value added, arrange the following in sequence :

(A) Import

(B) Export

(D) Domestic purchase of Raw material

(E) Change in inventories

Choose the correct answer from the options given below :

21st May Shift 2

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:

CUET Economics 2026 21st May Shift 2 PYQs

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