Value added is the difference between output value and intermediate consumption. Remember (Value\ Added=Output-Intermediate\ Consumption) in exams.
Step 2
Why this answer is correct
The correct answer is A. Output value minus intermediate consumption. Value added is the difference between output value and intermediate consumption. Remember (Value\ Added=Output-Intermediate\ Consumption) in exams.
Step 3
Exam Tip
Value added उत्पादन मूल्य और intermediate consumption के अंतर को कहते हैं। परीक्षा में (Value\ Added=Output-Intermediate\ Consumption) याद रखें।
A. क्योंकि यह चालू उत्पादन का प्रतिफल नहीं है/Because it is not a reward for current production
Step 1
Concept
Capital gain is an increase in asset value, not current production. In exams, distinguish factor income from capital gain.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह चालू उत्पादन का प्रतिफल नहीं है / Because it is not a reward for current production. Capital gain is an increase in asset value, not current production. In exams, distinguish factor income from capital gain.
Step 3
Exam Tip
Capital gain संपत्ति के मूल्य में वृद्धि है, चालू उत्पादन नहीं। परीक्षा में factor income और capital gain का अंतर रखें।
Real GDP allows comparison after removing price effects. In exams, choose constant price GDP for time-based comparison.
Step 2
Why this answer is correct
The correct answer is A. Real GDP. Real GDP allows comparison after removing price effects. In exams, choose constant price GDP for time-based comparison.
Step 3
Exam Tip
Real GDP कीमतों के प्रभाव को हटाकर तुलना कराती है। परीक्षा में समय-आधारित तुलना के लिए constant price GDP चुनें।
A. क्योंकि यह उत्पादक सेवा के बदले कारक आय है/Because it is factor income for productive service
Step 1
Concept
A government employee provides services and salary is its reward. In exams, do not treat government salary as a transfer payment.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह उत्पादक सेवा के बदले कारक आय है / Because it is factor income for productive service. A government employee provides services and salary is its reward. In exams, do not treat government salary as a transfer payment.
Step 3
Exam Tip
सरकारी कर्मचारी सेवाएं प्रदान करता है और वेतन उसका प्रतिफल है। परीक्षा में सरकारी वेतन को transfer payment न समझें।
A. GDP बढ़ सकती है लेकिन वास्तविक कल्याण जरूरी नहीं बढ़े/GDP may rise but actual welfare may not necessarily rise
Step 1
Concept
Reconstruction spending may raise production, but disaster losses reduce welfare. In exams, identify the limitation of GDP.
Step 2
Why this answer is correct
The correct answer is A. GDP बढ़ सकती है लेकिन वास्तविक कल्याण जरूरी नहीं बढ़े / GDP may rise but actual welfare may not necessarily rise. Reconstruction spending may raise production, but disaster losses reduce welfare. In exams, identify the limitation of GDP.
Step 3
Exam Tip
पुनर्निर्माण खर्च उत्पादन बढ़ा सकता है पर आपदा की हानि कल्याण घटाती है। परीक्षा में GDP limitation को पहचानें।
A. यह पूंजी के घिसावट को नहीं दिखाता/It does not show wear and tear of capital
Step 1
Concept
GDP is a gross measure, so it does not deduct capital consumption separately. In exams, deduct depreciation for a net measure.
Step 2
Why this answer is correct
The correct answer is A. यह पूंजी के घिसावट को नहीं दिखाता / It does not show wear and tear of capital. GDP is a gross measure, so it does not deduct capital consumption separately. In exams, deduct depreciation for a net measure.
Step 3
Exam Tip
GDP gross measure है इसलिए capital consumption को अलग से नहीं घटाता। परीक्षा में net measure के लिए depreciation घटाएं।
B. आयात घरेलू उत्पादन नहीं हैं इसलिए GDP में उन्हें घटाया जाता है/Imports are not domestic production, so they are subtracted in GDP
Step 1
Concept
Spending on imports does not show domestic production, so it is subtracted from GDP. In exams, do not forget to subtract imports in the expenditure method.
Step 2
Why this answer is correct
The correct answer is B. आयात घरेलू उत्पादन नहीं हैं इसलिए GDP में उन्हें घटाया जाता है / Imports are not domestic production, so they are subtracted in GDP. Spending on imports does not show domestic production, so it is subtracted from GDP. In exams, do not forget to subtract imports in the expenditure method.
Step 3
Exam Tip
आयात पर खर्च घरेलू उत्पादन को नहीं दिखाता इसलिए GDP में उसे घटाया जाता है। परीक्षा में expenditure method में imports को minus करना न भूलें।
C. इसे सकल घरेलू पूंजी निर्माण में शामिल किया जाएगा/It will be included in gross domestic capital formation
Step 1
Concept
A new machine is a current year final capital good, so it is included in investment. In exams, treat fixed capital formation as part of GDP.
Step 2
Why this answer is correct
The correct answer is C. इसे सकल घरेलू पूंजी निर्माण में शामिल किया जाएगा / It will be included in gross domestic capital formation. A new machine is a current year final capital good, so it is included in investment. In exams, treat fixed capital formation as part of GDP.
Step 3
Exam Tip
नई मशीन चालू वर्ष की पूंजीगत अंतिम वस्तु है इसलिए निवेश में शामिल होती है। परीक्षा में fixed capital formation को GDP का हिस्सा मानें।
