Per capita GDP is calculated by dividing total GDP by population. Treat it as average output per person.
Step 2
Why this answer is correct
The correct answer is A. \(GDP\ Per\ Capita=\frac{GDP}{Population}\). Per capita GDP is calculated by dividing total GDP by population. Treat it as average output per person.
Step 3
Exam Tip
Per capita GDP कुल GDP को population से divide करके निकाला जाता है। परीक्षा में इसे average output per person समझें।
A. Income inequality अधिक हो सकती है/Income inequality may be high
Step 1
Concept
GDP shows total output, not distribution. Treat inequality as a welfare limitation in exams.
Step 2
Why this answer is correct
The correct answer is A. Income inequality अधिक हो सकती है / Income inequality may be high. GDP shows total output, not distribution. Treat inequality as a welfare limitation in exams.
Step 3
Exam Tip
GDP total output दिखाता है, distribution नहीं। परीक्षा में inequality को welfare limitation समझें।
A. क्योंकि कई external costs market value में नहीं दिखते/Because many external costs do not appear in market value
Step 1
Concept
Negative externalities like pollution are not fully reflected in GDP. Distinguish output and welfare in exams.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि कई external costs market value में नहीं दिखते / Because many external costs do not appear in market value. Negative externalities like pollution are not fully reflected in GDP. Distinguish output and welfare in exams.
Step 3
Exam Tip
Pollution जैसी negative externalities GDP में पूरी तरह reflect नहीं होतीं। परीक्षा में output और welfare को अलग समझें।
A. विश्वसनीय data नहीं मिलता/Reliable data is not available
Step 1
Concept
Official and reliable records of illegal activities are difficult to get. Treat this as a measurement limitation.
Step 2
Why this answer is correct
The correct answer is A. विश्वसनीय data नहीं मिलता / Reliable data is not available. Official and reliable records of illegal activities are difficult to get. Treat this as a measurement limitation.
Step 3
Exam Tip
Illegal activities का official और reliable record मिलना कठिन होता है। परीक्षा में इसे measurement limitation मानें।
A. Domestic territory पर, national residents पर आधारित/Domestic is based on territory, national is based on residents
Step 1
Concept
GDP is based on domestic territory and GNP is based on residents. Remember NFIA adjustment between them.
Step 2
Why this answer is correct
The correct answer is A. Domestic territory पर, national residents पर आधारित / Domestic is based on territory, national is based on residents. GDP is based on domestic territory and GNP is based on residents. Remember NFIA adjustment between them.
Step 3
Exam Tip
GDP domestic territory पर based है और GNP residents पर based है। परीक्षा में दोनों के बीच NFIA adjustment याद रखें।
A. यह घरेलू क्षेत्र में final goods and services का gross value है/It is the gross value of final goods and services in domestic territory
Step 1
Concept
The basic idea of GDP is gross value of domestic final output. Remember gross, domestic and final output as three keywords.
Step 2
Why this answer is correct
The correct answer is A. यह घरेलू क्षेत्र में final goods and services का gross value है / It is the gross value of final goods and services in domestic territory. The basic idea of GDP is gross value of domestic final output. Remember gross, domestic and final output as three keywords.
Step 3
Exam Tip
GDP का basic idea domestic final output का gross value है। परीक्षा में gross, domestic और final output तीनों keywords याद रखें।
GNP (=GDP+NFIA=4200+(-200)=4000) crore. In exams apply the sign carefully while adding negative NFIA.
Step 2
Why this answer is correct
The correct answer is B. ₹4000 करोड़ / ₹4000 crore. GNP (=GDP+NFIA=4200+(-200)=4000) crore. In exams apply the sign carefully while adding negative NFIA.
Step 3
Exam Tip
GNP (=GDP+NFIA=4200+(-200)=4000) करोड़ होगा। परीक्षा में negative NFIA को जोड़ते समय sign ध्यान से लगाएं।
