A. क्योंकि pollution, inequality और leisure जैसे पहलू छूट सकते हैं/Because aspects like pollution, inequality and leisure may be missed
Step 1
Concept
GDP measures monetary output but not all aspects of welfare. Therefore, do not treat GDP as a complete welfare indicator.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि pollution, inequality और leisure जैसे पहलू छूट सकते हैं / Because aspects like pollution, inequality and leisure may be missed. GDP measures monetary output but not all aspects of welfare. Therefore, do not treat GDP as a complete welfare indicator.
Step 3
Exam Tip
GDP monetary output मापता है लेकिन welfare के सभी पहलू नहीं। इसलिए GDP को welfare का पूर्ण indicator न मानें।
A. GDP growth welfare को overstate कर सकती है/GDP growth may overstate welfare
Step 1
Concept
Environmental damage is not fully shown in output data. Welfare may fall even when GDP rises.
Step 2
Why this answer is correct
The correct answer is A. GDP growth welfare को overstate कर सकती है / GDP growth may overstate welfare. Environmental damage is not fully shown in output data. Welfare may fall even when GDP rises.
Step 3
Exam Tip
Environmental damage output data में पूरी तरह नहीं दिखता। GDP बढ़ने पर भी welfare घट सकता है।
A. GDP बढ़ सकता है लेकिन नुकसान welfare घटा सकता है/GDP can rise but damage can reduce welfare
Step 1
Concept
Repair services can increase current output. But damage from the disaster can reduce welfare.
Step 2
Why this answer is correct
The correct answer is A. GDP बढ़ सकता है लेकिन नुकसान welfare घटा सकता है / GDP can rise but damage can reduce welfare. Repair services can increase current output. But damage from the disaster can reduce welfare.
Step 3
Exam Tip
Repair services current output बढ़ा सकती हैं। लेकिन disaster का नुकसान welfare को कम कर सकता है।
Paid domestic service is a market transaction. Therefore, it can be included in GDP as current service output.
Step 2
Why this answer is correct
The correct answer is A. GDP में शामिल होती हैं / Included in GDP. Paid domestic service is a market transaction. Therefore, it can be included in GDP as current service output.
Step 3
Exam Tip
Paid domestic service market transaction है। इसलिए यह GDP में current service output के रूप में शामिल हो सकती है।
A. क्योंकि मकान housing service देता है जिसका अनुमानित मूल्य हो सकता है/Because the house provides housing service with an estimated value
Step 1
Concept
An owner-occupied house also provides housing service. Imputed rent gives consistent valuation of similar housing services.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि मकान housing service देता है जिसका अनुमानित मूल्य हो सकता है / Because the house provides housing service with an estimated value. An owner-occupied house also provides housing service. Imputed rent gives consistent valuation of similar housing services.
Step 3
Exam Tip
Owner-occupied house भी housing service प्रदान करता है। Imputed rent से similar housing services का consistent valuation होता है।
A. नया phone current production है, resale current production नहीं है/New phone is current production, resale is not current production
Step 1
Concept
GDP counts current year production. Resale of an old phone is transfer of earlier production.
Step 2
Why this answer is correct
The correct answer is A. नया phone current production है, resale current production नहीं है / New phone is current production, resale is not current production. GDP counts current year production. Resale of an old phone is transfer of earlier production.
Step 3
Exam Tip
GDP current year production को गिनता है। पुराने phone की resale पहले की production का transfer है।
A. GDP का अनुमान कम या अधूरा हो सकता है/GDP estimate may be low or incomplete
Step 1
Concept
If informal sector data is not fully captured, output may be underreported. Keep measurement limitations in mind.
Step 2
Why this answer is correct
The correct answer is A. GDP का अनुमान कम या अधूरा हो सकता है / GDP estimate may be low or incomplete. If informal sector data is not fully captured, output may be underreported. Keep measurement limitations in mind.
Step 3
Exam Tip
Informal sector का data पूरी तरह capture न हो तो output underreported हो सकता है। Measurement limitation को ध्यान में रखें।
A. क्योंकि एक का expenditure दूसरे की income और output value से जुड़ता है/Because one's expenditure is linked with another's income and output value
Step 1
Concept
Production, income and expenditure are different views of the same circular flow. Therefore, with correct data, results should be equal.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि एक का expenditure दूसरे की income और output value से जुड़ता है / Because one's expenditure is linked with another's income and output value. Production, income and expenditure are different views of the same circular flow. Therefore, with correct data, results should be equal.
Step 3
Exam Tip
Production, income और expenditure same circular flow के अलग views हैं। इसलिए सही data पर results समान होने चाहिए।
A. जब GDP को national aggregate में बदलना हो/When GDP is to be converted into a national aggregate
Step 1
Concept
(NFIA) is used in domestic-national conversion. Use (NIT) for GDP MP-FC conversion and depreciation for gross-net conversion.
Step 2
Why this answer is correct
The correct answer is A. जब GDP को national aggregate में बदलना हो / When GDP is to be converted into a national aggregate. (NFIA) is used in domestic-national conversion. Use (NIT) for GDP MP-FC conversion and depreciation for gross-net conversion.
Step 3
Exam Tip
(NFIA) domestic-national conversion में उपयोग होता है। GDP के MP-FC conversion में (NIT) और gross-net conversion में depreciation देखें।
A. (NIT), depreciation और (NFIA) के signs मिलाना/Mixing signs of (NIT), depreciation and (NFIA)
Step 1
Concept
In GDP conversion, (NIT) relates to valuation, depreciation to net conversion and (NFIA) to national conversion. Identify all three separately.
Step 2
Why this answer is correct
The correct answer is A. (NIT), depreciation और (NFIA) के signs मिलाना / Mixing signs of (NIT), depreciation and (NFIA). In GDP conversion, (NIT) relates to valuation, depreciation to net conversion and (NFIA) to national conversion. Identify all three separately.
Step 3
Exam Tip
GDP conversion में (NIT) valuation, depreciation net और (NFIA) national conversion से जुड़ा है। तीनों को अलग-अलग पहचानें।
