Question

Identify the correctly matched items in Column A to that of Column B:

Column A	Column B
1. Social Welfare	(a) Total of economic and non-economic welfare
2. Comparison of GDP of different countries	(b) GDPs evaluated at current market prices
3. Economic welfare	(c) Situation of unemployment
4. GDP deflator	(d) Includes prices of imported goods

Options

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

1 - (a)

Explanation:

The utility or contentment of all persons in a society is referred to as social welfare.