A. क्योंकि उसका market transaction नहीं होता/Because it has no market transaction
Step 1
Concept
Unpaid household services do not enter monetary records. Therefore GDP is not considered a complete measure of welfare.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि उसका market transaction नहीं होता / Because it has no market transaction. Unpaid household services do not enter monetary records. Therefore GDP is not considered a complete measure of welfare.
Step 3
Exam Tip
Unpaid household services monetary record में नहीं आतीं। इसलिए GDP welfare का पूर्ण measure नहीं माना जाता।
A restaurant meal is a market transaction and current service-output. Therefore, it can be 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. A restaurant meal is a market transaction and current service-output. Therefore, it can be included in GDP.
Step 3
Exam Tip
Restaurant meal market transaction और current service-output है। इसलिए इसे GDP में शामिल किया जा सकता है।
Nominal GDP is at current prices, while real GDP is at constant prices. Real GDP removes the price effect.
Step 2
Why this answer is correct
The correct answer is A. कीमतों के प्रभाव से / Effect of prices. Nominal GDP is at current prices, while real GDP is at constant prices. Real GDP removes the price effect.
Step 3
Exam Tip
Nominal GDP current prices पर होता है जबकि real GDP constant prices पर। Real GDP price effect हटाता है।
A. Price level base year से लगभग (10%) अधिक है/Price level is about (10%) higher than base year
Step 1
Concept
When the deflator is above (100), prices are above the base year. (110) means about (10%) higher price level.
Step 2
Why this answer is correct
The correct answer is A. Price level base year से लगभग (10%) अधिक है / Price level is about (10%) higher than base year. When the deflator is above (100), prices are above the base year. (110) means about (10%) higher price level.
Step 3
Exam Tip
Deflator (100) से ऊपर होने पर prices base year से अधिक होते हैं। (110) का अर्थ लगभग (10%) higher price level है।
A. Prices बढ़े हैं लेकिन real output घटा है/Prices have risen but real output has fallen
Step 1
Concept
Nominal GDP can rise due to price effect. A fall in real GDP shows a decrease in real production.
Step 2
Why this answer is correct
The correct answer is A. Prices बढ़े हैं लेकिन real output घटा है / Prices have risen but real output has fallen. Nominal GDP can rise due to price effect. A fall in real GDP shows a decrease in real production.
Step 3
Exam Tip
Nominal GDP price effect से बढ़ सकता है। Real GDP घटना वास्तविक production में कमी दिखाता है।
A. यह income distribution नहीं दिखाता/It does not show income distribution
Step 1
Concept
Per capita GDP shows an average but not inequality. Check distribution separately in welfare analysis.
Step 2
Why this answer is correct
The correct answer is A. यह income distribution नहीं दिखाता / It does not show income distribution. Per capita GDP shows an average but not inequality. Check distribution separately in welfare analysis.
Step 3
Exam Tip
Per capita GDP average बताता है लेकिन inequality नहीं दिखाता। Welfare analysis में distribution अलग से देखें।
Per capita GDP is obtained by dividing total GDP by population. If population grows faster, the average may fall.
Step 2
Why this answer is correct
The correct answer is A. यह घट सकता है / It may fall. Per capita GDP is obtained by dividing total GDP by population. If population grows faster, the average may fall.
Step 3
Exam Tip
Per capita GDP total GDP को population से divide करके मिलता है। Population तेजी से बढ़े तो average घट सकता है।
