List-I(Economic Concepts) | List-II(Description) | ||
|---|---|---|---|
| A | Kuznets Curve | I | Describes the relationship be tween currency depreciation and current account balance |
| B | Fisher Effect | II | Describes the relationship between autonomous investment and output |
| C | J Curve Effect | III | Describes the relationship between income and inequality |
| D | Multiplier Effect | IV | Describes the relationship between expected inflation rate and interest rate |
Economic theories and their relationships are outlined below:
(A) The Kuznets Curve relates income and inequality.
(B) The Fisher Effect relates expected inflation rate and interest rate.
(C) The J Curve Effect relates currency depreciation and current account balance.
(D) The Multiplier Effect relates autonomous investment and output.
The correct pairing is (d)

In an economy, exclusion of _______ may lead to under estimation of the value of Gross Domestic Product (GDP).