Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Match List-I with List-II

List-l	List-II
(A) Gross Domestic Product at Market Prices (GDP_MP)	(I) All the economic output produced by a nation's normal residents, whether they are located within the national boundary or abroad.
(B) Net Domestic Product at Market Prices (NDP_FC)	(II) Sum of income earned by all factors in the production in the form of wages, profits, rent and interest, etc., belonging to a country during a year.
(C) Gross National Product at Market Prices (GNP_MP)	(III) All production done by the national residents or the non-residents in a country gets included, regardless of whether that production is owned by a local company or a foreign entity.
(D) National Income (NI)	(IV) Income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

Choose the correct answer from the options given below.

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

List-l	List-II
(A) Gross Domestic Product at Market Prices (GDP_MP)	(III) All production done by the national residents or the non-residents in a country gets included, regardless of whether that production is owned by a local company or a foreign entity.
(B) Net Domestic Product at Market Prices (NDP_FC)	(IV) Income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.
(C) Gross National Product at Market Prices (GNP_MP)	(I) All the economic output produced by a nation's normal residents, whether they are located within the national boundary or abroad.
(D) National Income (NI)	(II) Sum of income earned by all factors in the production in the form of wages, profits, rent and interest, etc., belonging to a country during a year.