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Using the given… (Class 12 Economics SQP 2026-27, Q11A)

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EconomicsCBSE Class 12 · Sample paper, session 2026-27 · 3 marks · Short answer

CBSE Class 12 Economics sample paper 2026-27: question 11(A)

From the official CBSE sample question paper for 2026-27, section A, question 11(A), for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q11(A) · 3 marks · Short answerNational Income Accounting

Using the given estimates for a hypothetical economy, show that Gross Domestic Product at Market Price by Value-Added Method and Expenditure Method yields the same result.

S. No.ItemsAmount (in ₹ crore)
(i)Private Final Consumption Expenditure500
(ii)Value of Output1900
(iii)Government Final Consumption Expenditure400
(iv)Gross Domestic Capital Formation600
(v)Change in Stock100
(vi)Consumption of Fixed Capital30
(vii)Net Exports70
(viii)Intermediate Consumption330

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.

Hints

Open one hint at a time and try again before the next.

Hint 1

Value added = output − intermediate consumption.

Hint 2

GDCF already includes the change in stock.

Hint 3

Depreciation is not needed for GDP.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Value-added method: GDP at MP = Value of output − Intermediate consumption = (ii) − (viii)

    ½ mark

  2. = 1,900 − 330

    ½ mark

  3. = ₹ 1,570 crore

    ½ mark

  4. Expenditure method: GDP at MP = PFCE + GFCE + Gross domestic capital formation + Net exports = (i) + (iii) + (iv) + (vii). (Change in stock is already part of gross domestic capital formation and is not added again.)

    ½ mark

  5. = 500 + 400 + 600 + 70

    ½ mark

  6. = ₹ 1,570 crore. Both methods give the same GDP at market price.

    ½ mark

Answer: GDP at MP = ₹ 1,570 crore by both the value-added and the expenditure method.

Where the marks are

  • Value-added formula, substitution, answer (½ each)
  • Expenditure formula, substitution, answer (½ each)

Revise the chapter

Practise this chapterBoard-style questions from National Income Accounting, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2026-27: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.