Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Match List-I with List-II.

List-I List-II
(A) GDP ar factor cost (I) $NDP_{MP}-NIT $
(B) NDP at factor cost (II) $NNP_{MP}-NIT$
(C) National Income (III) $GNP_{MP}-NIT $
(D) GNP at factor (IV) $GDP_{MP}-NIT $

Choose the correct answer from the options given below :

Options:

(A)-(III), (B)-(IV), (C)-(II), (D)-(I)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(IV), (B)-(I), (C)-(II), (D)-(III)

(A)-(III), (B)-(I), (C)-(II), (D)-(IV)

Correct Answer:

(A)-(IV), (B)-(I), (C)-(II), (D)-(III)

Explanation:

The correct answer is option (3) : (A)-(IV), (B)-(I), (C)-(II), (D)-(III)

(A) GDP at factor cost - (IV) $GDP_{MP}-NIT $

(B) NDP at factor cost - (I) $NDP_{MP}-NIT $

(C) National Income - (II) $NNP_{MP}-NIT$

(D) GNP at factor cost - (III) $GDP_{MP}-NIT$