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।
A. क्योंकि यह मूल्य परिवर्तन के प्रभाव को हटाता है/Because it removes the effect of price changes
Step 1
Concept
Real GDP shows changes in actual output volume. In exams, do not treat price rise as real output growth.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह मूल्य परिवर्तन के प्रभाव को हटाता है / Because it removes the effect of price changes. Real GDP shows changes in actual output volume. In exams, do not treat price rise as real output growth.
Step 3
Exam Tip
Real GDP उत्पादन की वास्तविक मात्रा में बदलाव दिखाती है। परीक्षा में कीमत बढ़ने को वास्तविक उत्पादन बढ़ना न मानें।
A. कल्याण जरूरी नहीं कि बढ़े/Welfare may not necessarily increase
Step 1
Concept
GDP measures production but does not fully show environmental costs. In exams, do not equate GDP and welfare.
Step 2
Why this answer is correct
The correct answer is A. कल्याण जरूरी नहीं कि बढ़े / Welfare may not necessarily increase. GDP measures production but does not fully show environmental costs. In exams, do not equate GDP and welfare.
Step 3
Exam Tip
GDP उत्पादन मापती है लेकिन पर्यावरणीय लागत पूरी तरह नहीं दिखाती। परीक्षा में GDP और कल्याण को समान न मानें।
A. क्योंकि उनका विश्वसनीय रिकॉर्ड और वैध मूल्यांकन कठिन होता है/Because reliable records and legal valuation are difficult
Step 1
Concept
Illegal activities are not included in official national income estimates. In exams, focus on legal and recorded production.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि उनका विश्वसनीय रिकॉर्ड और वैध मूल्यांकन कठिन होता है / Because reliable records and legal valuation are difficult. Illegal activities are not included in official national income estimates. In exams, focus on legal and recorded production.
Step 3
Exam Tip
अवैध गतिविधियां राष्ट्रीय आय के आधिकारिक अनुमान में शामिल नहीं की जातीं। परीक्षा में वैध और रिकॉर्डेड उत्पादन पर ध्यान दें।
A. क्योंकि इनके बदले चालू उत्पादन सेवा नहीं मिलती/Because no current production service is received in return
Step 1
Concept
A transfer payment is a transfer of income, not a reward for production. In exams, treat pension and scholarship as transfer payments.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि इनके बदले चालू उत्पादन सेवा नहीं मिलती / Because no current production service is received in return. A transfer payment is a transfer of income, not a reward for production. In exams, treat pension and scholarship as transfer payments.
Step 3
Exam Tip
Transfer payment आय का हस्तांतरण है, उत्पादन का प्रतिफल नहीं। परीक्षा में pension और scholarship को transfer payment समझें।
(GNP=GDP+NFIA), and negative NFIA works like subtraction. Pay attention to the sign in exams.
Step 2
Why this answer is correct
The correct answer is A. GNP GDP से कम होगा / GNP will be less than GDP. (GNP=GDP+NFIA), and negative NFIA works like subtraction. Pay attention to the sign in exams.
Step 3
Exam Tip
(GNP=GDP+NFIA) और ऋणात्मक NFIA घटाव जैसा कार्य करता है। परीक्षा में संकेत का ध्यान रखें।
A. मूल्यह्रास घटाया नहीं गया है/Depreciation has not been deducted
Step 1
Concept
Gross means measurement before deducting depreciation. In exams, connect gross and net with depreciation.
Step 2
Why this answer is correct
The correct answer is A. मूल्यह्रास घटाया नहीं गया है / Depreciation has not been deducted. Gross means measurement before deducting depreciation. In exams, connect gross and net with depreciation.
Step 3
Exam Tip
Gross का अर्थ है depreciation घटाने से पहले का माप। परीक्षा में gross और net का अंतर depreciation से जोड़ें।
A. प्रति व्यक्ति GDP घट सकती है/Per capita GDP may fall
Step 1
Concept
Per capita GDP is obtained by dividing total GDP by population. In exams, keep total growth and per capita growth separate.
Step 2
Why this answer is correct
The correct answer is A. प्रति व्यक्ति GDP घट सकती है / Per capita GDP may fall. Per capita GDP is obtained by dividing total GDP by population. In exams, keep total growth and per capita growth separate.
Step 3
Exam Tip
प्रति व्यक्ति GDP कुल GDP को जनसंख्या से भाग देकर मिलती है। परीक्षा में कुल वृद्धि और प्रति व्यक्ति वृद्धि अलग रखें।
A. उसके अंतिम उपयोग के आधार पर/On the basis of its final use
Step 1
Concept
The same good may be final or intermediate depending on use. In exams, use purpose as the basis of identification.
Step 2
Why this answer is correct
The correct answer is A. उसके अंतिम उपयोग के आधार पर / On the basis of its final use. The same good may be final or intermediate depending on use. In exams, use purpose as the basis of identification.
Step 3
Exam Tip
एक ही वस्तु उपयोग के अनुसार अंतिम या मध्यवर्ती हो सकती है। परीक्षा में उपयोग को पहचान का आधार बनाएं।
A. सरकारी अंतिम पूंजी निर्माण/Government final capital formation
Step 1
Concept
Bridge construction is final capital output. In exams, include government construction expenditure in GDP.
Step 2
Why this answer is correct
The correct answer is A. सरकारी अंतिम पूंजी निर्माण / Government final capital formation. Bridge construction is final capital output. In exams, include government construction expenditure in GDP.
Step 3
Exam Tip
पुल निर्माण पूंजीगत अंतिम उत्पादन है। परीक्षा में सरकारी निर्माण खर्च को GDP में शामिल मानें।
A. क्योंकि मकान आवास सेवा प्रदान करता है/Because the house provides housing service
Step 1
Concept
An owner-occupied house also provides housing service whose imputed value is taken. In exams, treat imputed rent as included.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि मकान आवास सेवा प्रदान करता है / Because the house provides housing service. An owner-occupied house also provides housing service whose imputed value is taken. In exams, treat imputed rent as included.
Step 3
Exam Tip
स्व-स्वामित्व मकान भी आवास सेवा देता है जिसका अनुमानित मूल्य लिया जाता है। परीक्षा में imputed rent को शामिल मानें।
A. उन्हें निवेश में शामिल किया जाएगा/They are included in investment
Step 1
Concept
Unsold current year goods are treated as inventory investment. In exams, distinguish production from sales.
Step 2
Why this answer is correct
The correct answer is A. उन्हें निवेश में शामिल किया जाएगा / They are included in investment. Unsold current year goods are treated as inventory investment. In exams, distinguish production from sales.
Step 3
Exam Tip
बिना बिकी चालू वर्ष की वस्तुएं inventory investment मानी जाती हैं। परीक्षा में production को sales से अलग समझें।
A. क्योंकि वे घरेलू सीमा में उत्पादित अंतिम वस्तुएं हैं/Because they are final goods produced within domestic territory
Step 1
Concept
Exports are the external demand part of goods produced in the country. In exams, add exports and subtract imports.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वे घरेलू सीमा में उत्पादित अंतिम वस्तुएं हैं / Because they are final goods produced within domestic territory. Exports are the external demand part of goods produced in the country. In exams, add exports and subtract imports.
Step 3
Exam Tip
निर्यात देश में उत्पादित वस्तुओं का बाहरी मांग भाग है। परीक्षा में exports जोड़ें और imports घटाएं।
A. क्योंकि वे घरेलू उत्पादन नहीं हैं/Because they are not domestic production
Step 1
Concept
Expenditure on imports relates to foreign production. In exams, treat (X-M) as net exports.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वे घरेलू उत्पादन नहीं हैं / Because they are not domestic production. Expenditure on imports relates to foreign production. In exams, treat (X-M) as net exports.
Step 3
Exam Tip
आयात पर किया गया खर्च विदेशी उत्पादन से संबंधित होता है। परीक्षा में (X-M) को शुद्ध निर्यात मानें।
A. जब वृद्धि केवल कीमतों के बढ़ने से हो/When increase is only due to rising prices
Step 1
Concept
Nominal GDP is affected by both price and output. In exams, use real GDP to know output growth.
Step 2
Why this answer is correct
The correct answer is A. जब वृद्धि केवल कीमतों के बढ़ने से हो / When increase is only due to rising prices. Nominal GDP is affected by both price and output. In exams, use real GDP to know output growth.
Step 3
Exam Tip
Nominal GDP कीमत और उत्पादन दोनों से प्रभावित होती है। परीक्षा में output growth जानने के लिए real GDP देखें।
A. क्योंकि GDP बाजार मूल्य वाले उत्पादन को मापती है/Because GDP measures production with market value
Step 1
Concept
GDP does not measure all non-market aspects of welfare. In exams, place leisure under limitations of GDP.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि GDP बाजार मूल्य वाले उत्पादन को मापती है / Because GDP measures production with market value. GDP does not measure all non-market aspects of welfare. In exams, place leisure under limitations of GDP.
Step 3
Exam Tip
GDP कल्याण के सभी गैर-बाजार पहलुओं को नहीं मापती। परीक्षा में leisure को GDP limitation में रखें।
A. क्योंकि इससे चालू उत्पादन नहीं बनता/Because it does not create current production
Step 1
Concept
Transfer of old financial assets is not production. In exams, brokerage service may be included separately.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि इससे चालू उत्पादन नहीं बनता / Because it does not create current production. Transfer of old financial assets is not production. In exams, brokerage service may be included separately.
Step 3
Exam Tip
पुरानी वित्तीय संपत्ति का हस्तांतरण उत्पादन नहीं है। परीक्षा में brokerage service को अलग से शामिल किया जा सकता है।
A. Current prices चालू वर्ष की कीमतें लेते हैं, constant prices आधार वर्ष की कीमतें लेते हैं/Current prices use current year prices, constant prices use base year prices
Step 1
Concept
Current price GDP is called nominal GDP and constant price GDP is called real GDP. In exams, watch the term base year.
Step 2
Why this answer is correct
The correct answer is A. Current prices चालू वर्ष की कीमतें लेते हैं, constant prices आधार वर्ष की कीमतें लेते हैं / Current prices use current year prices, constant prices use base year prices. Current price GDP is called nominal GDP and constant price GDP is called real GDP. In exams, watch the term base year.
Step 3
Exam Tip
Current price GDP को nominal GDP और constant price GDP को real GDP कहते हैं। परीक्षा में आधार वर्ष शब्द पर ध्यान दें।
\(Real\ GDP=\frac{Nominal\ GDP}{GDP\ Deflator}\times100=\frac{1200}{150}\times100=800\). 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।
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।
