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CUET Economics 2024

Economics
>
National Income

Easy

(A) Stocks are defined over a period of time. \newline \newline (B) Flows are defined over a period of time. \newline \newline (C) Flows are defined at a particular point of time. \newline \newline (D) Stocks are defined at a particular point of time. \newline \newline (E) GVA at factor costs + Indirect Taxes – Subsidies = GVA at market prices

Identify the correct statement:

Correct Option: 3
Key concepts: Stocks -> levels at a point -> time, Flows -> rates over a period -> time. \newline
    \newline
  1. Stocks are defined -> at a point -> of time.
    2. \newline
  2. Flows are defined -> over a period -> of time.
    3. \newline
  3. GVA calculation -> formula is correct.
So, correct statements are: (B) Flows are defined -> over a period, (D) Stocks are defined -> at a point, (E) GVA -> formula is correct.
Thus, answer is: 3 -> (B), (D) and (E) only.

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