Types of GDP CDS Questions

CDS Economy

Types of GDP MCQ Questions


13.
What is subtracted from GDP at Market Prices to calculate GDP at Factor Cost?
A.
Indirect taxes
B.
Subsidies
C.
Depreciation
D.
Net exports
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ANSWER :
A. Indirect taxes
14.
What is GDP at Constant Prices?
A.
GDP at Market Prices
B.
Nominal GDP
C.
GDP at Factor Cost
D.
Real GDP
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ANSWER :
D. Real GDP
15.
Which of the following includes taxes and excludes subsidies?
A.
GDP at Factor Cost
B.
GDP at Market Prices
C.
Net National Product
D.
Disposable Income
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ANSWER :
B. GDP at Market Prices
16.
Which component is excluded from GDP at Market Prices?
A.
Indirect taxes
B.
Exports
C.
Subsidies
D.
Government spending
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ANSWER :
C. Subsidies
17.
What is the key limitation of Nominal GDP?
A.
It does not account for inflation
B.
It excludes government spending
C.
It includes only services
D.
It excludes taxes
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ANSWER :
A. It does not account for inflation
18.
Which GDP is best for analyzing long-term economic trends?
A.
Nominal GDP
B.
Real GDP
C.
GDP at Factor Cost
D.
Gross National Income
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ANSWER :
B. Real GDP