Multiple Choice Questions on Which of the following is correct ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Which of the following is correct ........

Economics (CUET) National Income Accounting
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    Which of the following is correct?

    GDPMP = Value of Output- Intermediate Consumption

    Correct Answer

    NDPFC = Value of Output- Intermediate Consumption

    Incorrect Answer

    GDPFC = Sales+ change in stock

    Incorrect Answer

    NDPMP = Sales + change in stock

    Incorrect Answer
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    Explanation:

    GDPmp is the money value of all final goods and services produced within the domestic territory of a country during an accounting year.

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