GDP CALCULATION METHODS

Question 1

3 methods?

Answer 1

Income, expenditure and production (gva)

Question 2

GNP AT FACTOR COST

Answer 2

GDP AT MKT PRICE + NFIA

Question 3

BASIS OF INCOME METHOD

Answer 3

FACTOR COST- WIPR

Question 4

EXPENDITURE METHOD INCLUDES?

Answer 4

PVT CONSUMPTION, INVESTMENT, GOVT, FOREIGN EXPENDITURE

Question 5

GDP BY EXPENDITURE METHOD?

Answer 5

C+I+G+X-M

Question 6

VALUE ADDED?

Answer 6

O/P - I/P MATERIALS AND SERVICES

Question 7

GVA?

Answer 7

O/P - INTERMEDIATE CONSUMPTION

Question 8

GDP BY GVA?

Answer 8

GVA+ TAXE- SUBSIDIES

Question 9

NOMINAL GDP?

Answer 9

CURRENT YEAR PRODUCTION OF FINAL GOODS AND SERVICES VALUED AT CURRENT YEAR MKT PRICE

Question 10

REAL GDP

Answer 10

G&S VALUED AT BASE YEAR

Question 11

NATIONAL INCOME IGNORES

Answer 11

SALE OF LAND

Question 12

DEVELOPMENT INDICATORS?

Answer 12

LVL OF EDU, HEALTH FACILITIES, NUTRITION, QUALITY OF LIFE

Question 13

GROWTH AND DEVELOPMENT CASES

Answer 13

CHINA AND SEA- HIGH G, HIGH D
WEST - LOW G, HIGH D
INDIA- HIGH G, LOW D
LDC- LOW G, LOW D

Question 14

INCLUSIVE GROWTH?

Answer 14

ECONOMIC GROWTH THATS FAIRLY DISTRIBUTED AND CREATES EQUAL OPPORTUNITIES

Question 15

HDI IS MEASURED BY

Answer 15

UNDP

Question 16

ESTABLISHMENT YEAR OF HDI

Answer 16

1990

Question 17

HDI DEVELOPED BY

Answer 17

MAHBUB-UL-HAQ & INQE KAUL

Question 18

HOW IS HDI CALCULATED

Answer 18

GEOMETRIC MEAN

Question 19

DIMENSIONS OF HDI?

Answer 19

HEALTH, EDU, STD OF LIVING

Question 20

INDICATORS OF EDUCATION?

Answer 20

MEAN YEARS OF SCHOOLING & EXPECTED YEARS OF SCHOOLING

Question 21

STD OF LIVING CALCULATED BY

Answer 21

GROSS NAT INCOME PER CAPITA @PPP IN US$

Question 22

PPP?

Answer 22

HOW MANY THINGS CAN BE BOUGHT FOR 1 US $ IN RESPECTIVE COUNTRIES

Question 23

RANGES OF HDI

Answer 23

HIGH- 0.8-1
MED- .0-.7
LOW-

Question 24

INDIA HDI?

Answer 24

0.624

Question 25

world happiness index parameters

Answer 25

``` gdp per capita @ppp social support healthy life expectancy freedom to make life choices generosity corruption ```

Question 26

india rank at whi

Answer 26

133

Question 27

mkt price?

Answer 27

factor cost + tax- subsidies

Question 28

gdp definition

Answer 28

g and s within country at mkt price

Question 29

gnp definition

Answer 29

g and s by residents of country- domestic and abroad alike

Question 30

gross o/p?

Answer 30

sum of products of price of all goods with their quantities

Question 31

net o/p

Answer 31

gross o/p - value of i/p

Question 32

gnp is

Answer 32

net o/p

Question 33

gdp at mkt prics

Answer 33

gnp- nfia

Question 34

ndp

Answer 34

gdp-depreciation

Question 35

nnp

Answer 35

gnp- depreciation

Question 36

gdp at factor cost

Answer 36

gdp at mkt price- indirect taxes

Question 37

ndp at factor cost

Answer 37

gdp at factor cost- depreciation

Question 38

true national income is

Answer 38

nnp at factor cost

Question 39

nnp @ fc

Answer 39

ndp@fc + nfia