Gross Domestic Product (GDP)

Q.

A study in Ahmedabad found that out of 15, 00, 000 workers in the city, 11, 00, 000 worked in the unorganised sector. The total income of the city in this year (1997-1998) was Rs 60, 000 million. Out of this Rs 32, 000 million was generated in the organised sector. Present this data as a table. What kind of ways should be thought of for generating more employment in the city?

Q. What do we call the sum of value of all final goods and services produced in each sector during a particular year?

1. Total production of the sector for that year
2. Gross production of the sector for that year
3. Average production of the sector for that year
4. Net production of the sector for that year

Q. Which of the following best describes Gross Domestic Product?

[0.8 marks]

1. Value of goods and services under production in a country in a particular year.
2. Number of goods and services produced in all the three sectors of a country in a particular year.
3. Value of all final goods and services produced within a country in a particular year.
4. Value of intermediate and finished goods produced within a country in a particular year.

Q. GDP stands for Gross Domestic Product. What does it show? Pick the correct sentences about GDP.

1. An indicator of how big an economy is in terms of output
2. GDP of India is estimated by the Central Government Ministry
3. Shows the number of people involved in production in a particular year
4. Identifies the goods and services that are used for further production

Q. Gross Domestic Product is the total value of _________________________________ produced during a particular year.

1. all intermediate goods
2. all intermediate goods and services
3. all final goods and services
4. all intermediate and final goods and services

Q. The following table gives the GDP in rupees (crores) for the three sectors: Year Primary Secondary Tertiary

2020	2, 20, 000	3, 40, 000	5, 20, 000
2021	2, 50, 000	3, 80, 000	5, 60, 000

Determine the share of the primary sector in the GDP for the year 2021.

1. 21.01%
2. 31.93%
3. 47.05%
4. 88.00%

Q. The value of all final goods and services produced in each sector gives the total production of that sector.

1. False
2. True

Q. Consider the following statements about the Gross Domestic Product (GDP) of India.

(i) Purchase of tomatoes in the making of tomato ketchup
(ii) Value of cotton fabrics
(iii) Final value of bakery items

Identify the statements that should be added to calculate the GDP of the country.

1. Only (i)
2. Only (iii)
3. Both (ii) and (iii)
4. Both (i) and (ii)

Q. GDP stands for:

1. Gross Domestic Process
2. Great Domestic Product
3. Gross Domestic Product
4. Great Domestic Process

Q. The task of estimating GDP in India is undertaken by the Ministry.

1. Central Government
2. Food and Agriculture
3. Irrigation and Power
4. Indian Affairs