Items Excluded in GDP
Trending Questions
Purely financial activities have no effect on the GDP - either directly or indirectly. State true or false.
True
False
Let’s take a commodity- sugar. A factory manufactures sugar and sells some of it to households in the village. Some of the sugar is also used to make ice cream. And the remaining sugar is used to make chocolate syrup, that is sold in the market. Some of the ice cream is sold in retail outlets and some of it used to make milkshakes in a factory. These milkshakes are now sold in bottles to consumers. Which of the following are final goods?
Sugar
Ice cream
Chocolate syrup
Milkshakes
If a car is purchased by a taxi-operator, it will be regarded as a:
Capital good
Intermediate good
Final good
Both (a) and (c)
In the production of sugar, sugarcane is :
A final good
A capital good
An intermediate good
None of these
A mobile dealer sells counterfeit models of iPhones. Is this taken into account while calculating GDP?
Yes
No
Yes, but only if the number of phones sold is less than 10.
Yes, but only if the number of phones sold is more than 10.
Which of the following items is not included while estimating GNP of a country at market price?
Sales of the enterprises
Indirect taxes
Remittances by NRIs
Subsidy
Those goods which satisfy human wants directly are called :
Intermediate goods
Consumer goods
Capital Goods
None of these
Let’s take a commodity- sugar. A factory manufactures sugar and sells some of it to households in the village. Some of the sugar is also used to make ice cream. And the remaining sugar is used to make chocolate syrup that is sold in the market. Some of the ice cream is sold in retail outlets and some of it used to make milkshakes in a factory. These milkshakes are now sold in bottles to consumers. Which of the following are intermediate goods?
Sugar
Ice cream
Chocolate syrup
Milkshakes
Own account production of services is not included in national income because:
A .Services are different from goods
B. Services are not productive
C. It is difficult to measure market value of such services
D. None of these
Which of the following is true about GDP?
It is a stock variable
It is a flow variable
It is not a variable
Its value is indeterminate