UPSC 2000 › Indian Economy › National Income & Economic Growth
4 questions · 2000 · answers as per the UPSC key
The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account the rate of
Show answer
The new Gross Domestic Product (GDP) series released by the Central Statistical Organisation (CSO) in February 1999 is with reference to base price of
Show answer
Match List I with List II
and select the correct answer using the codes given below the Lists:
List I I. Boom II. Recession III. Depression IV. Recovery
List II A) Business activity at high level with increasing income, output and employment at macro level B) Gradual fall of income, output and employment with business activity in a low gear C) Unprecedented level of under employment and unemployment, drastic fall in income, output and employment D) Steady rise in the general level of prices, income, output and employment
Codes:
Show answer
In an open economy, the national income (Y) of the economy is: (C, I, G, X, M stand for Consumption, Investment, Government Expenditure, total exports and total imports respectively.)