The expenditure method includes consumption, investment, government expenditure and net exports. Remember the formula as (C+I+G+(X-M)).
Step 2
Why this answer is correct
The correct answer is A. (C+I+G+(X-M)). The expenditure method includes consumption, investment, government expenditure and net exports. Remember the formula as (C+I+G+(X-M)).
Step 3
Exam Tip
Expenditure method में consumption, investment, government expenditure और net exports शामिल होते हैं। Formula को (C+I+G+(X-M)) के रूप में याद रखें।
A. यह intermediate goods की double counting रोकता है/It prevents double counting of intermediate goods
Step 1
Concept
The value added approach counts newly added value at each production stage. This avoids recounting intermediate goods.
Step 2
Why this answer is correct
The correct answer is A. यह intermediate goods की double counting रोकता है / It prevents double counting of intermediate goods. The value added approach counts newly added value at each production stage. This avoids recounting intermediate goods.
Step 3
Exam Tip
Value added approach हर उत्पादन चरण में नई value को गिनता है। इससे intermediate goods दोबारा नहीं गिने जाते।
Gross value added (=Output-Intermediate\ Consumption=1600) crore. Deducting intermediate consumption is necessary in the product method.
Step 2
Why this answer is correct
The correct answer is A. 1600 करोड़ / 1600 crore. Gross value added (=Output-Intermediate\ Consumption=1600) crore. Deducting intermediate consumption is necessary in the product method.
Step 3
Exam Tip
Gross value added (=Output-Intermediate\ Consumption=1600) करोड़। Product method में intermediate consumption घटाना जरूरी है।
A. कर्मचारियों का पारिश्रमिक/Compensation of employees
Step 1
Concept
The income method includes factor incomes. Compensation of employees is a key component of the GDP income method.
Step 2
Why this answer is correct
The correct answer is A. कर्मचारियों का पारिश्रमिक / Compensation of employees. The income method includes factor incomes. Compensation of employees is a key component of the GDP income method.
Step 3
Exam Tip
Income method में factor incomes शामिल होती हैं। Compensation of employees GDP income method का प्रमुख घटक है।
A. क्योंकि वह current production नहीं है/Because it is not current production
Step 1
Concept
The old house was already counted when it was produced. GDP focuses on current year production.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वह current production नहीं है / Because it is not current production. The old house was already counted when it was produced. GDP focuses on current year production.
Step 3
Exam Tip
पुराने मकान का निर्माण पहले ही गिना जा चुका होता है। GDP current year production पर केंद्रित रहता है।
A. क्योंकि commission वर्तमान सेवा का मूल्य है/Because commission is the value of a current service
Step 1
Concept
The value of the old good is not current output, but broker service is current production. Therefore, commission can be included.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि commission वर्तमान सेवा का मूल्य है / Because commission is the value of a current service. The value of the old good is not current output, but broker service is current production. Therefore, commission can be included.
Step 3
Exam Tip
पुरानी वस्तु का मूल्य current output नहीं है लेकिन broker service current production है। इसलिए commission शामिल हो सकता है।
GDP is based on location of production. Therefore, output of a foreign company within domestic territory is included in GDP.
Step 2
Why this answer is correct
The correct answer is A. GDP में शामिल होगा / It will be included in GDP. GDP is based on location of production. Therefore, output of a foreign company within domestic territory is included in GDP.
Step 3
Exam Tip
GDP production location पर आधारित है। इसलिए domestic territory में विदेशी कंपनी का उत्पादन GDP में शामिल होता है।
A. क्योंकि वह domestic territory के बाहर अर्जित है/Because it is earned outside domestic territory
Step 1
Concept
GDP measures production within domestic territory. Factor income earned abroad is linked with GNP or national aggregates.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वह domestic territory के बाहर अर्जित है / Because it is earned outside domestic territory. GDP measures production within domestic territory. Factor income earned abroad is linked with GNP or national aggregates.
Step 3
Exam Tip
GDP domestic territory में हुए उत्पादन को मापता है। विदेश में अर्जित factor income GNP या national aggregates से जुड़ती है।
A. क्योंकि यह वर्तमान उत्पादन है जिसका अनुमानित बाजार मूल्य हो सकता है/Because it is current output with an estimated market value
Step 1
Concept
Self-consumed farm output is current production even if not sold in the market. Its estimated value can be taken in GDP.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह वर्तमान उत्पादन है जिसका अनुमानित बाजार मूल्य हो सकता है / Because it is current output with an estimated market value. Self-consumed farm output is current production even if not sold in the market. Its estimated value can be taken in GDP.
Step 3
Exam Tip
Self-consumed farm output बाजार में न बिके फिर भी current production है। उसका estimated value GDP में लिया जा सकता है।
