Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Match List-I with List-II

List-I

List-II

(A) Real GDP

(I) Commodities traded in bulk.

(B) Nominal GDP

(II) GDP evaluated at constant prices.

(C) Consumer Price Index

(III) Commodities bought by representative consumers.

(D) Wholesale Price Index

(IV) GDP evaluated at current market prices.

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (2) → (A)-(II), (B)-(IV), (C)-(III), (D)-(I)

List-I

List-II

(A) Real GDP

(II) GDP evaluated at constant prices.

(B) Nominal GDP

(IV) GDP evaluated at current market prices.

(C) Consumer Price Index

(III) Commodities bought by representative consumers.

(D) Wholesale Price Index

(I) Commodities traded in bulk.