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Class 12 · Economics

If GDP at market price is 9000, depreciation is 700, and net indirect taxes are 500, what is NDP at factor cost?

Class 12 · Economics

If Nominal GDP is 1200 and the GDP Deflator is 150, what is Real GDP?

Class 12 · Economics

What is the main difference between GDP at current prices and GDP at constant prices?

Class 12 · Economics

Why is buying and selling old shares in the stock market not included in GDP?

Class 11 · Economics

Why is leisure time not included in GDP even though it may increase welfare?

Class 12 · Economics

In which situation may GDP data not correctly indicate an increase in output?

Class 12 · Economics

Why are imports subtracted in GDP?

Class 11 · Economics

Why are exports added to GDP?

Class 12 · Economics

In the expenditure method of GDP, what does the sum of household consumption, investment, government expenditure, and net exports represent?

Class 12 · Economics

If a company produced goods this year but kept some unsold in inventory, how are they treated in GDP?

Class 12 · Economics

Why is imputed rent of an owner-occupied house added in GDP estimation?

Class 12 · Economics

Government expenditure on building a bridge is included in GDP as what?

Class 12 · Economics

On what basis is a final good identified in GDP?

Class 11 · Economics

If GDP rises but population grows faster than GDP, what will happen to per capita GDP?

Class 12 · Economics

What is deducted from GDP to derive Net Domestic Product?

Class 12 · Economics

What does the word gross mean in Gross Domestic Product?

Class 12 · Economics

If net factor income from abroad is negative, what is the relation between GNP and GDP?

Class 12 · Economics

Why are transfer payments such as old-age pensions not added to GDP?

Class 12 · Economics

Why is income from illegal activities generally not included in GDP?

Class 11 · Economics

If GDP growth mainly comes from polluting industries, what conclusion should be drawn about welfare?