Option 4: (C), (B), (D), (A) -> The correct sequence for calculating GNP at Market Price is: First, Determine sales for the country (C) which provides the base data. Then, Calculate values of output (B) from those sales figures. Next, Deduct intermediate consumption (D) to avoid double counting and arrive at GDP at Market Price (value added approach). Finally, Add Net factor income from abroad (A) to convert GDP to GNP. This follows the formula: GNP at MP = GDP at MP + Net Factor Income from Abroad, where GDP is calculated using the value-added method by eliminating intermediate consumption from total output. -> correct
Arrange the following statements in the context of the calculation of Gross National Product at Market price. (A) Add Net factor income from abroad.…
CUET UG 2025 — Economics Macro
2025mcqmedium
Arrange the following statements in the context of the calculation of Gross National Product at Market price.
(A) Add Net factor income from abroad.
(B) Calculate values of output.
(C) Determine sales for the country.
(D) Deduct intermediate consumption.
Choose the correct answer from the options given below:
Official previous-year question
Held on 29 May 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B), (C), (D)
- B
(A), (C), (B), (D)
- C
(B), (A), (D), (C)
- D
(C), (B), (D), (A)
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