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.

The value of nominal GDP is $1100 and the value of real GDP is $1000. Find the value of GDP deflator.

The value of GDP at the current prevailing prices is defined as.

Net National Product at factor cost (NNP_FC) is defined as :

On the basis of uses the ___________________ nature makes the good final.

Which of the following statements are incorrect ?

(A) Circular flow of income does not take place in a closed economy.

(B) Real flow consists of flow of factor services from households to firms.

(C) In a two-sector economy, total production is always equal to total consumption.

(D) Money flow consists of flow of factor payments from households to firms.

Choose the correct answer from the options given below :

Match List-I with List-II

Choose the correct answer from the options given below: