CUET Economics: MacroNational Income. Free, no login required.

If a Country's real GDP is $\overline{\mathbf{\tau}}$ 400 crores and its nominal GDP is $\overline{\mathbf{\tau}}$ 1000 crores, its GDP deflator is : (Choose the correct alternative).

Identify the items which will be classified as stock items.

(A) Production

(B) Money supply

(C) Interest on deposits

(D) Savings

(E) Capital stock in a Country

Choose the correct answer from the options given below :

Which out of the following are intermediate goods ?

(A) Milk purchased by a household

(B) Sugar purchased by a restaurant

(C) Furniture purchased by school

(D) Chalk and duster purchased by school

(E) Printer purchased by a lawyer

Choose the correct answer from the options given below :

Identify the situation when value of Domestic Income is equal to the value of National Income.

If Gross Domestic Product at Market Price (GDPmp)=2995 crore. Private final consumption expenditure=1100 crore. Gross domestic fixed capital formation=1000 crore. Government final consumption expenditure=900 crore. Net imports=75 crore.

The change of stock will be :

If NNPMP=Rs. 5,330, indirect tax=Rs. 1,770 and consumption of fixed capital = Rs. 1,550 then GNPFC will be x. The value of x is.

Which of the following is a factor income?

Identify the stock variable from the following:

GDPMP will be equal to GDPFC if

Match List I with List II

Choose the correct answer from the options given below:

Identify the correct statements from the following:

A. Fees to a mechanic paid by a firm is not included in the estimation of national income

B. Income tax paid by an individual is not included in national income

C. Interest paid by a garment manufacture on a loan taken from bank is included in national income

D. Payment of old age pension will not be included in national income as it is a transfer payment

E. Insurance premium paid by household to an insurance company is not included in the estimation of national income

Choose the correct answer from the options given below:

Identify the correct statement from the following:

A. The Household's investing is not considered to be the cost of building a residence

B. Net factor revenue from overseas includes money from Exports

C. The sum of factor incomes equals the net value added

D. The assessment of national income takes into account the market value of both final and intermediate items

E. Profit earned by non-resident company in India is a part of domestic income of India

Choose the correct answer from the options given below:

Which of the following correctly represents value at market price?

When all of an economy's output is sold during a single accounting year, the value of output is represented by:

If a farmer sells wheat to miller for Rs. 500 and miller sells flour to baker for Rs. 700 and baker sells bread to the consumer for Rs. 1000, then total value added by miller and baker is:

Which of the following will be included in national income, while using the income method to calculate the same:-

(Choose the correct option)

What is the value of real GDP if nominal GDP is Rs.3300 crores and GDP deflator is 150.

Which of the following explains the concept of depreciation:

A. An annual allowance for wear and tear of a capital good.

B. The capital good gradually used up in each year's production process.

C. Cost of replacement of a capital good due to an accident.

D. Fall in the value of fixed asset due to unexpected change in technology.

E. Cost of the good divided by number of years of its useful life.

Choose the correct answer from the options given below:

If the value NVA_FC is Rs.200 crores, intermediate consumption is Rs.100 crores and depreciation is given as Rs.40 crores, what will be the value of GVA_FC?

Identify the correct statements about the externalities as a limitation of GDP and welfare.

A. GDP as measured does not include external production of goods.

B. Inverse relationship between negative externality and welfare.

C. No relation between GDP and welfare.

D. Economic activities have both positive and negative externalities.

E. Producers are rewarded with profit for positive externalities

Choose the correct answer from the options given below :

Coal used by a steel factory during the accounting year is a: