List of top Economics Questions on Gross Domestic Product (GDP) asked in CUET (UG)

Which of the following is not included in inventory?

GDP Deflator is used to measure:

Identify the correct statement regarding final goods:

It may be incorrect to treat GDP as an index of a country's welfare for the following reasons: A. Externalities
B. Distribution of GDP is not uniform
C. Monetary exchanges
D. Non-monetary exchanges

Arrange the following statements in the context of calculating Gross National Product (GNP) at Market Price: \[ (A)\ \text{Add Net Factor Income from Abroad} \] \[ (B)\ \text{Calculate value of output} \] \[ (C)\ \text{Determine total sales in the country} \] \[ (D)\ \text{Deduct intermediate consumption} \]

Arrange the following statements in the context of calculating Gross National Product (GNP) at Market Price: \[ (A)\ \text{Add Net Factor Income from Abroad} \] \[ (B)\ \text{Calculate value of output} \] \[ (C)\ \text{Determine total sales in the country} \] \[ (D)\ \text{Deduct intermediate consumption} \]

Arrange the following statements in the context of calculating Gross National Product (GNP) at Market Price: \[ (A)\ \text{Add Net Factor Income from Abroad} \] \[ (B)\ \text{Calculate value of output} \] \[ (C)\ \text{Determine total sales in the country} \] \[ (D)\ \text{Deduct intermediate consumption} \]

Arrange the following statements in the context of calculating Gross National Product (GNP) at Market Price: \[ (A)\ \text{Add Net Factor Income from Abroad} \] \[ (B)\ \text{Calculate value of output} \] \[ (C)\ \text{Determine total sales in the country} \] \[ (D)\ \text{Deduct intermediate consumption} \]

GDP at factor cost may be derived from using one of the following formula. Choose the correct.