Question

Match the following economic indicators with their definitions:

GSDP at Current Prices	GSDP minus depreciation
GSDP at Constant Prices	GSDP calculated using the current year's market prices
Per Capita GSDP	GSDP calculated using the prices of a fixed base year
Net State Domestic Product (NSDP)	GSDP divided by population

• A. A-1, B-2, C-3, D-4
• B. A-2, B-3, C-4, D-1
• C. A-4, B-3, C-1, D-2
• D. A-1, B-4, C-2, D-3

Answer 1

Answer:

B. A-2, B-3, C-4, D-1

• GSDP at Current Prices : Reflects the market value including inflation.

• GSDP at Constant Prices : Reflects the "real" growth by removing the effect of inflation.

• Per Capita GSDP : Measures the average income per person.

• Net State Domestic Product: Represents the net output after accounting for the wear and tear of capital goods (depreciation).