Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Which of the following statements are true in macroeconomics?

(A). GVA at factor costs + Net production taxes = GVA at basic prices.
(B). GVA at basic prices + Net product taxes = GVA at market prices.
(C). GNP = GDP - Net factor income from abroad.
(D). NNP = GNP - Depreciation.

Choose the correct answer from the options given below:

Options:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer:

(A), (B) and (D) only

Explanation:

The correct answer is Option (2) → (A), (B) and (D) only

(A). GVA at factor costs + Net production taxes = GVA at basic prices. (True)
(B). GVA at basic prices + Net product taxes = GVA at market prices. (True)
(C). GNP = GDP - Net factor income from abroad. (False). GNP = GDP + Net factor income from abroad.
(D). NNP = GNP - Depreciation. (True)