GDP measures production within domestic territory. Remember the difference between domestic territory and citizenship in exams.
Step 2
Why this answer is correct
The correct answer is A. GDP बढ़ेगी / GDP will increase. GDP measures production within domestic territory. Remember the difference between domestic territory and citizenship in exams.
Step 3
Exam Tip
GDP घरेलू सीमा के अंदर हुए उत्पादन को मापती है। परीक्षा में घरेलू सीमा और नागरिकता का अंतर याद रखें।
A. क्योंकि यह चालू वर्ष का उत्पादन नहीं है/Because it is not current year production
Step 1
Concept
Sale of an old good does not create new output. In exams, treat current year production as the base of GDP.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह चालू वर्ष का उत्पादन नहीं है / Because it is not current year production. Sale of an old good does not create new output. In exams, treat current year production as the base of GDP.
Step 3
Exam Tip
पुरानी वस्तु की बिक्री से नया उत्पादन नहीं बनता। परीक्षा में चालू वर्ष के उत्पादन को GDP का आधार मानें।
Self-consumption output may be included if it can be valued. In exams, not being sold in the market does not always mean exclusion.
Step 2
Why this answer is correct
The correct answer is A. इसे शामिल किया जा सकता है / It may be included. Self-consumption output may be included if it can be valued. In exams, not being sold in the market does not always mean exclusion.
Step 3
Exam Tip
स्व-उपभोग उत्पादन का मूल्यांकन हो सके तो GDP में जोड़ा जा सकता है। परीक्षा में बाजार में न बिकने का मतलब हमेशा बाहर नहीं होता।
A. शुद्ध अप्रत्यक्ष कर घटाएं/Subtract net indirect taxes
Step 1
Concept
Market price includes net indirect taxes. Remember the formula \(GDP_{FC}=GDP_{MP}-NIT\).
Step 2
Why this answer is correct
The correct answer is A. शुद्ध अप्रत्यक्ष कर घटाएं / Subtract net indirect taxes. Market price includes net indirect taxes. Remember the formula \(GDP_{FC}=GDP_{MP}-NIT\).
Step 3
Exam Tip
बाजार मूल्य में शुद्ध अप्रत्यक्ष कर शामिल होते हैं। सूत्र याद रखें \(GDP_{FC}=GDP_{MP}-NIT\)।
A. GDP at factor cost GDP at market price से अधिक होगा/GDP at factor cost will be greater than GDP at market price
Step 1
Concept
When NIT is negative, factor cost becomes greater than market price. Remember (NIT=Indirect\ Taxes-Subsidies) in exams.
Step 2
Why this answer is correct
The correct answer is A. GDP at factor cost GDP at market price से अधिक होगा / GDP at factor cost will be greater than GDP at market price. When NIT is negative, factor cost becomes greater than market price. Remember (NIT=Indirect\ Taxes-Subsidies) in exams.
Step 3
Exam Tip
जब NIT ऋणात्मक होता है तो कारक लागत बाजार मूल्य से अधिक हो जाती है। परीक्षा में (NIT=Indirect\ Taxes-Subsidies) याद रखें।
A. क्योंकि घरेलू सेवक की सेवा बाजार लेन-देन है/Because the servant's service is a market transaction
Step 1
Concept
GDP includes services purchased in the market. In exams, unpaid household services are treated as excluded from GDP.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि घरेलू सेवक की सेवा बाजार लेन-देन है / Because the servant's service is a market transaction. GDP includes services purchased in the market. In exams, unpaid household services are treated as excluded from GDP.
Step 3
Exam Tip
GDP में बाजार में खरीदी गई सेवाएं शामिल होती हैं। परीक्षा में अवैतनिक घरेलू सेवाओं को GDP से बाहर मानें।
The value of an intermediate good is already included in the final good. In exams, the value added method prevents double counting.
Step 2
Why this answer is correct
The correct answer is A. दोहरी गणना / Double counting. The value of an intermediate good is already included in the final good. In exams, the value added method prevents double counting.
Step 3
Exam Tip
मध्यवर्ती वस्तु का मूल्य अंतिम वस्तु में पहले से शामिल होता है। परीक्षा में value added method दोहरी गणना रोकता है।
The value of final goods is added to GDP. In exams, avoid adding intermediate cost separately.
Step 2
Why this answer is correct
The correct answer is A. ब्रेड का अंतिम मूल्य / Final value of bread. The value of final goods is added to GDP. In exams, avoid adding intermediate cost separately.
Step 3
Exam Tip
अंतिम वस्तु का मूल्य GDP में जोड़ा जाता है। परीक्षा में मध्यवर्ती लागत को अलग से जोड़ने से बचें।
A. GDP में शामिल सभी अंतिम वस्तुओं और सेवाओं के औसत मूल्य परिवर्तन/Average price change of all final goods and services in GDP
Step 1
Concept
GDP deflator is a broad price index because it covers all final goods in GDP. In exams, treat it as broader than CPI.
Step 2
Why this answer is correct
The correct answer is A. GDP में शामिल सभी अंतिम वस्तुओं और सेवाओं के औसत मूल्य परिवर्तन / Average price change of all final goods and services in GDP. GDP deflator is a broad price index because it covers all final goods in GDP. In exams, treat it as broader than CPI.
Step 3
Exam Tip
GDP deflator व्यापक मूल्य सूचक है क्योंकि यह GDP की सभी अंतिम वस्तुओं को कवर करता है। परीक्षा में इसे CPI से अधिक व्यापक मानें।
