Match the following:
List-I (Authors) | List-II (Statement) |
a. Marshall | 1. The labour and capital of a country acting on its natural resources produce annually a certain net aggregate of commodities, material and immaterial including services of all kinds. This is the true net annual income or revenue of the country or national dividend |
b. Pigou | 2. National income is that part of objective income of the community including of course income derived from abroad which can be measured in money |
c. Fisher | 3. The national dividend or income consists solely of services as received by ultimate consumers whether from their material or from their human environments. Thus, a Piano, or an overcoat made for me this year is not a part of this year's income, but an addition to the capital. Only the services rendered to me during this year by these things are income |
d. T. F. Dernberg | 4. Gross domestic product at market price is defined as the market value of the output of final goods and services produced in the domestic territory of a country during an accounting year |
A. a-1, b-2, c-4, d-3
B. a-1, b-2, c-3, d-4
C. a-3, b-1, c-4, d-2
D. a-1, b-3, c-4, d-2
Answer: Option B
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