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-I	List-II
(A) Gross Domestic Product at Market Price	(I) NDP_MP - Net Product Taxes - Net Production Taxes
(B) Net Domestic Product at Factor Cost	(II) GVA at basic prices - Net Production Taxes
(C) GVA(Gross Value Added) at factor cost	(III) $C+I+G+(X-M)$
(D) Gross National Product at Factor Cost	(IV) GNP_MP - Net Product Taxes - Net Production Taxes

Choose the correct answer from the options given below:

Options:

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

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

Explanation:

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

List-I	List-II
(A) Gross Domestic Product at Market Price	(III) $C+I+G+(X-M)$
(B) Net Domestic Product at Factor Cost	(I) NDP_MP - Net Product Taxes - Net Production Taxes
(C) GVA(Gross Value Added) at factor cost	(II) GVA at basic prices - Net Production Taxes
(D) Gross National Product at Factor Cost	(IV) GNP_MP - Net Product Taxes - Net Production Taxes