Cluster · National Income and GDP Concepts

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Clusters / #1264
tight score 0.18

National Income Accounting Methods Concepts
Questions
346
Questions in this cluster
345 total
Question Category Subtype Difficulty

_______________ is an indicator used by experts to gauge the number of people dying prematurely due to a particular disease.

[SSC GD 2022]

pipeline-1184041
science intermediate

What is the formula of GDP at market price?

pipeline-123738
reasoning intermediate

What term describes the year whose prices are utilized to compute the real GDP?

pipeline-366584
reasoning intermediate

Name the Nobel Prize-winning American economist whose report to the US Congress titled “National Income, 1929-35" paved the way for the calculation of Gross Domestic Product (GDP) as the ultimate measure of a country’s overall welfare. 

pipeline-4629
reasoning intermediate

What is the correct formula of GDP at Factor cost?

pipeline-124617
reasoning intermediate

The primary purpose of using GDP is to:

pipeline-334516
reasoning intermediate

What term is used to refer to the GDP value calculated at the current prevailing prices?

pipeline-387888
reasoning intermediate

Calculate the GDP at factor cost given in the following data.
GDP at market price = 600 crores
Consumption of fixed capital = 100 crores
Indirect taxes = 200 crores
Subsidies = 50 crores [SICPO Paper I 2023]

pipeline-768254
gk intermediate

GVA is the measure of the value of goods and services produced in an area, industry or sector of an economy. What is the full form of GVA?
[Constable GD 2021]

pipeline-768303
gk intermediate

What is the year whose prices are used to calculate the real GDP called? [MTS Non technical and Havaldar Examination 2021]

pipeline-768108
gk intermediate

Which of the following is true about transfer payments in relation to personal income? [MTS Non Tech Havaldar CBIC and CBN Examination 2023]

pipeline-768344
gk intermediate

Real GDP is a measure of a country's total ______. [Constable GD 2021]

pipeline-768229
gk intermediate

The year whose prices are being used to calculate the real GDP is called ______. [Combined Graduate Level Examination Tier I 2022]

pipeline-768070
gk intermediate

In the expenditure method, GDP ≡ Sum total of all the final _____ received by the firms in the economy. [Constable GD Examination 2022]

pipeline-768386
gk intermediate

What is subtracted from GDP to arrive at NDP? [Combined Graduate Level Examination Tier I]

pipeline-768788
gk intermediate

Which of the following is NOT included in inventory investment when calculating national income? [SICPO Paper I 2023]

pipeline-768617
gk intermediate

In ______ method of calculating national income, we calculate the aggregate annual value of goods and services produced (if a year is the unit of time). [Constable GD Examination 2022]

pipeline-768638
gk intermediate

The value of all final goods and services produced within a country is called the:
[Constable GD 2021]

pipeline-768606
gk intermediate

The money value of all the final goods and services produced within the country during a particular year is called _________. [Constable GD 2021]

pipeline-768579
gk intermediate

Which of the following is NOT one of the methods of national income estimation? [Combined Graduate Level Examination Tier I 2022]

pipeline-768440
gk intermediate

Nominal GDP is an assessment of economic production in an economy that includes _______ in its calculations. [Constable GD 2021]

pipeline-768787
gk intermediate

GDP deflator = _________ [Combined Graduate Level Examination Tier I 2023]

pipeline-768748
gk intermediate

Which of the following is the correct formula for calculating NNP? [CHSL Exam 2024 Tier I]

pipeline-768487
gk intermediate

Which of the following is the total value of goods and services produced by a country during a financial year?
[Constable GD 2021]

pipeline-768773
gk intermediate

_________ measures the aggregate production of final goods and services taking place within the domestic economy during a year. [Combined Graduate Level Examination Tier I 2022]

pipeline-768831
gk intermediate

The value of all final goods and services produced within the country during one year is known as __________. [MTS Non Tech Havaldar CBIC and CBN Examination 2023]

pipeline-768331
gk intermediate

Why is it important to distinguish between final and intermediate goods/services in national income accounting? [MTS Non Tech Havaldar CBIC and CBN Examination 2023]

pipeline-768154
gk intermediate

Which of the following is NOT included in domestic income? [Combined Graduate Level Examination Tier I 2023]

pipeline-768201
gk intermediate

Personal income of households can be calculated in which of the following ways? [CHSL Exam 2022 Tier I]

pipeline-768325
gk intermediate

Net Investment plus Depreciation gives an estimate of which of the following? [Combined Graduate Level Examination Tier I 2023]

pipeline-768380
gk intermediate

______ is calculated by dividing the nominal GDP in a given year by the real GDP for the same year and multiplying it by 100. [CHSL Exam 2022 Tier I]

pipeline-768113
gk intermediate

What is the domestic income if national income is ₹10,000 crore and net factor income from abroad is ₹2,000 crore? [CHSL 2021 Tier I]

pipeline-768829
gk intermediate

_____ at Market Price refers to the sum total of factor incomes earned by residents of a country during an accounting year including net indirect taxes. [CHSL Exam 2024 Tier I]

pipeline-768129
gk intermediate

Which of the following is NOT included in the value added method of calculating national income? [CHSL 2021 Tier I]

pipeline-768373
gk intermediate

In economics, what is the full form of GNP? [Constable GD 2021]

pipeline-768148
gk intermediate

NDP = _________. [Combined Graduate Level Examination Tier I]

pipeline-768258
gk intermediate

The GDP estimation method measuring the aggregate value of goods and services produced by the firms is called _______. [Combined Graduate Level Examination Tier I 2022]

pipeline-768465
gk intermediate

GDP can be expressed in two different ways, nominal GDP and _____.
[Constable GD 2021]

pipeline-768577
gk intermediate

 National Income = C (household consumption) + G(____________) + I (investment expense) + NX (net exports). [Constable GD Examination 2022]

pipeline-768105
gk intermediate

______ ≡ Sum total of gross value added of all the firms in the economy [Constable GD Examination 2022]

pipeline-768287
gk intermediate

In the Gross Domestic Product (GDP) measurement expression as per the expenditure method, which of the following represents the total expenditure made by the economy on imports?
C + I + G + X – M
[CHSL Exam 2022 Tier I]

pipeline-768644
gk intermediate

GDP is primarily used to:
[Constable GD 2021]

pipeline-768404
gk intermediate

Why are intermediate goods NOT included in the calculation of national income? [MTS Non Tech Havaldar CBIC and CBN Examination 2023]

pipeline-768293
gk intermediate

The value of GDP at the current prevailing prices is called _______. [Combined Graduate Level Examination Tier I 2022]

pipeline-768740
gk intermediate

Which method of calculating the national income is also known as ‘Industrial Origin Method’? [CHSL 2021 Tier I]

pipeline-768256
gk intermediate

What is the use of Net National Product (NNP)? [CHSL Exam 2024 Tier I]

pipeline-768422
gk intermediate

Which of the following is used to measure the total output of goods and services in an economy including depreciation during a specific period within country? [MTS Non Tech Havaldar CBIC and CBN Examination 2023]

pipeline-768423
gk intermediate

Which of the following is correct regarding net national product? [Constable GD Examination 2022]

pipeline-768071
gk intermediate

The value of which of the following work is NOT recognised in the national income?
[Constable GD 2021]

pipeline-768823
gk intermediate

Which of the following is NOT a method of measuring national income? [Combined Graduate Level Examination Tier I 2022]

pipeline-769077
gk intermediate
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