Economics
GDP and Welfare
Practice questions
If GDP growth comes only from increased weapon production, which conclusion about welfare is appropriate?If a country's GDP rises but working hours increase substantially and leisure falls, what caution should be kept about welfare?If the Indian embassy is located in Japan, whose domestic territory is it considered part of under the concept of economic territory?What is the purpose of calculating per capita GDP in GDP analysis?Which option correctly shows a limitation of GDP?When pollution cleanup expenditure rises in GDP, what should be kept in mind in welfare analysis?If domestic output rises along with faster depletion of forests, which limitation of GDP is revealed?Which example illustrates the limitation of GDP in measuring improvements in quality?If a paid domestic worker's wage is included in GDP but unpaid household work by a family member is not, which limitation does this show?If arms production rises after a conflict, GDP may rise, but why may economic welfare not rise?If heavy expenditure on cleaning a river is recorded as production activity, which limitation of GDP becomes clear?If GDP rises but income becomes concentrated among only a few people, which limitation of GDP is illustrated?In which example will GDP measure market production but not fully show social cost?If GDP rises because people work longer hours but leisure decreases, which limitation of GDP is demonstrated?If both GDP and per capita GDP are analysed, what additional benefit is obtained?If NDP is 840 crore rupees and depreciation is 60 crore rupees, then what is GDP?Which transaction will be included in current-year NDP?Does an increase in NDP always prove an increase in public welfare?If NDP rises because the output of a polluting industry increases while environmental damage also rises, which conclusion is appropriate?If compensation of employees is 1300 crore rupees, operating surplus is 780 crore rupees and mixed income is 420 crore rupees, then what is NDP at factor cost?