Question

I. Source and extract based question :-

25. The value of final goods and services produced

in each sector during a particular year provides the

total production of the sector for that year and

sum of reduction in the three sectors gives what is

called the Gross Domestic Product GDP of a

country it is the value of all final goods and

services produced within a country during a

particular year GDP shows how big the economy

is.

(i) Which of the following is true with respect to

final goods?
(a) Final goods are the goods which reached the

consumer.

(b) Market value of final goods is used to calculate

GDP.

( a )only( a)

( b )only (b)

( C )both (a) and (b)

(d) neither (a) and (b)

(ii) Each sector in the paragraph represents:-

(a) primary and household sector

(b) primary sector ,secondary and tertiarysector

(c) primary ,manufacturing and secondary sector

(d) primary Sector ,and service sector

(iii) To calculate GDP we need :
(a) quantity of final goods and services produced in

a country .

(b) prices of final goods and services A. only( a)

( b )only( b )

(c) both (a) and( b)

(d) neither (a) and (b)

(iv) Which of the following is true with reference

to GDP.

(a) it is the best way to compare different nations.

(b) it can be used to compare the growth rate of

various sector of the economy.

A. Only (a)

B. Only (b)

C. Both (a) and (b)

D. Neither (a) and (b)​

Answer 1

Answer:

a s d d d d

Explanation:

aa