Types of GDP AFCAT Questions

AFCAT Indian Economy

Types of GDP MCQ Questions


13.
GDP deflator is a measure of?
A.
Inflation
B.
Price level changes
C.
Money supply
D.
Export growth
😑 View Answer Rough Work Error
ANSWER :
B. Price level changes
14.
Which of the following is a limitation of GDP?
A.
Reflects economic well-being
B.
Measures standard of living
C.
Ignores income inequality
D.
Includes informal sector
😑 View Answer Rough Work Error
ANSWER :
C. Ignores income inequality
15.
In a closed economy, GDP is equal to?
A.
GNP
B.
NNP
C.
Aggregate demand
D.
Net exports
😑 View Answer Rough Work Error
ANSWER :
C. Aggregate demand
16.
What is the difference between GDP and GNP?
A.
GDP includes net exports
B.
GNP includes income from abroad
C.
GDP excludes services
D.
GNP includes black markets
😑 View Answer Rough Work Error
ANSWER :
B. GNP includes income from abroad
17.
Net Domestic Product (NDP) is calculated by?
A.
Adding depreciation to GDP
B.
Subtracting depreciation from GDP
C.
Adding indirect taxes
D.
Subtracting indirect taxes
😑 View Answer Rough Work Error
ANSWER :
B. Subtracting depreciation from GDP
18.
Which of the following is NOT a part of GDP?
A.
Consumption
B.
Investment
C.
Government expenditure
D.
Stock market investments
😑 View Answer Rough Work Error
ANSWER :
D. Stock market investments