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) $GDP_{MP}$ (I) $NNP_{FC}-NFIA$
(B) $NDP_{FC}$ (II) $GDP_{MP}-NFIA - NIT $
(C) $NNP_{MP}$ (III) $GDP_{FC}+NIT$
(D) $GDP_{FC}$ (IV) $NDP_{FC}+NFIA+NIT $

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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

- (A) GDP at Market Price ($GDP_{MP}$) : (III) $GDP_{FC}+NIT $

- (B) NDP at Factor Cost ($NDP_{FC}$)= (I) $NNP_{FC}-NFIA$

- (C) Net National Product at Market Price ($NNP_{MP}$) : (IV) $NDP_{FC}+NFIA + NIT $

- (D) GDP at Factor Cost ($GDP_{FC}$) : (II) $GNP_{MP}-NFIA-NIT $