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) GDP at Factor Cost ($GDP_{FC}$)	(I) $NDP_{MP}-NIT$
(B) NDP at Factor Cost ($NDP_{FC}$)	(II) GVA at basic prices - Net Production Taxes
(C) Net National product at market price ($NNP_{MP}$)	(III) $GDP_{MP}-NIT$
(D) Gross Value Added (GVA) at Factor Cost	(IV) $NDP_{MP}+NFIA$

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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

- (A) GDP at Factor Cost ($GDP_{FC}$) : (III) $GDP_{MP} - NIT$

-(B) NDP at Factor Cost ($NDP_{FC}$) : (I) $NDP_{MP}-NIT$

- (C) Net National product at market price ($NNP_{MP}$) : (IV) $NDP_{MP}+NFIA$

- (D) Gross Value Added (GVA) at Factor Cost : (II) GVA at basic prices - Net Production Taxes