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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)
MCQ
Match the Columns
Solution
1 - (a)
Explanation:
The utility or contentment of all persons in a society is referred to as social welfare.
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Aggregates Related to National Income - Gross National Product (GNP)
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