\(Real\ GDP=\frac{Nominal\ GDP}{GDP\ Deflator}\times100=\frac{1200}{150}\times100=800\). In exams, deflator is based on 100.
Step 2
Why this answer is correct
The correct answer is A. 800. \(Real\ GDP=\frac{Nominal\ GDP}{GDP\ Deflator}\times100=\frac{1200}{150}\times100=800\). In exams, deflator is based on 100.
Step 3
Exam Tip
\(Real\ GDP=\frac{Nominal\ GDP}{GDP\ Deflator}\times100=\frac{1200}{150}\times100=800\)। परीक्षा में deflator 100 के आधार पर होता है।
A. वे उस देश की घरेलू सीमा का भाग नहीं माने जाते/They are not treated as part of that country's domestic territory
Step 1
Concept
Foreign embassies are treated as economic territory of the foreign country concerned. Remember the concept of economic territory in exams.
Step 2
Why this answer is correct
The correct answer is A. वे उस देश की घरेलू सीमा का भाग नहीं माने जाते / They are not treated as part of that country's domestic territory. Foreign embassies are treated as economic territory of the foreign country concerned. Remember the concept of economic territory in exams.
Step 3
Exam Tip
विदेशी दूतावास संबंधित विदेशी देश की आर्थिक सीमा माने जाते हैं। परीक्षा में economic territory की अवधारणा याद रखें।
A. क्योंकि उत्पादन भारत की घरेलू सीमा के बाहर हुआ/Because production occurred outside India's domestic territory
Step 1
Concept
GDP is based on domestic territory, not citizenship. In exams, think of foreign branch output under GNP-related adjustment, not GDP.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि उत्पादन भारत की घरेलू सीमा के बाहर हुआ / Because production occurred outside India's domestic territory. GDP is based on domestic territory, not citizenship. In exams, think of foreign branch output under GNP-related adjustment, not GDP.
Step 3
Exam Tip
GDP नागरिकता नहीं, घरेलू सीमा पर आधारित होती है। परीक्षा में विदेशी शाखा का उत्पादन GDP में नहीं बल्कि GNP संबंधी समायोजन में सोचें।
Defense equipment purchased by government comes under final government expenditure. In exams, include final government purchases in GDP.
Step 2
Why this answer is correct
The correct answer is A. सरकारी अंतिम व्यय / Government final expenditure. Defense equipment purchased by government comes under final government expenditure. In exams, include final government purchases in GDP.
Step 3
Exam Tip
सरकार द्वारा खरीदे गए रक्षा उपकरण अंतिम सरकारी व्यय में आते हैं। परीक्षा में सरकार की अंतिम खरीद को GDP में शामिल रखें।
A. GDP का underestimation हो सकता है/GDP may be underestimated
Step 1
Concept
Unrecorded production may not fully enter official GDP. In exams, treat underground economy as a limitation of GDP.
Step 2
Why this answer is correct
The correct answer is A. GDP का underestimation हो सकता है / GDP may be underestimated. Unrecorded production may not fully enter official GDP. In exams, treat underground economy as a limitation of GDP.
Step 3
Exam Tip
अरिकॉर्डेड उत्पादन आधिकारिक GDP में पूरी तरह नहीं आ पाता। परीक्षा में underground economy को GDP limitation समझें।
A. क्योंकि यह अवैतनिक गैर-बाजार सेवा है/Because it is an unpaid non-market service
Step 1
Concept
GDP generally measures paid market services. In exams, keep unpaid voluntary services outside GDP.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह अवैतनिक गैर-बाजार सेवा है / Because it is an unpaid non-market service. GDP generally measures paid market services. In exams, keep unpaid voluntary services outside GDP.
Step 3
Exam Tip
GDP में सामान्यतः बाजार में भुगतान वाली सेवाएं मापी जाती हैं। परीक्षा में unpaid voluntary services को बाहर रखें।
A. देश की GDP में शामिल होगी/It will be included in the country's GDP
Step 1
Concept
The service is produced within domestic territory, so it is included in GDP. In exams, check place of production, not buyer's nationality.
Step 2
Why this answer is correct
The correct answer is A. देश की GDP में शामिल होगी / It will be included in the country's GDP. The service is produced within domestic territory, so it is included in GDP. In exams, check place of production, not buyer's nationality.
Step 3
Exam Tip
सेवा घरेलू सीमा के अंदर उत्पादित हुई है इसलिए GDP में शामिल होगी। परीक्षा में खरीदार की राष्ट्रीयता नहीं, उत्पादन स्थल देखें।
A good used in further production is an intermediate good. Apply the end-use test in exams.
Step 2
Why this answer is correct
The correct answer is A. मध्यवर्ती वस्तु / Intermediate good. A good used in further production is an intermediate good. Apply the end-use test in exams.
Step 3
Exam Tip
आगे उत्पादन में उपयोग होने वाली वस्तु intermediate good होती है। परीक्षा में end-use test लगाएं।
A. क्योंकि यह बाजार में बेची गई अंतिम सेवा है/Because it is a final service sold in the market
Step 1
Concept
Paid medical service is a current final service. In exams, include final services in GDP just like goods.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह बाजार में बेची गई अंतिम सेवा है / Because it is a final service sold in the market. Paid medical service is a current final service. In exams, include final services in GDP just like goods.
Step 3
Exam Tip
Paid medical service current final service है। परीक्षा में final services को भी goods की तरह GDP में शामिल मानें।
