Class 10 Exam > Class 10 Questions > DIRECTION: Mark the option which is most sui...
Start Learning for Free
DIRECTION: Mark the option which is most suitable:
Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.
Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.
- a)If Both assertion and reason are true, and reason is the correct explanation of assertion.
- b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.
- c)If Assertion is true, but reason is false.
- d)If Both assertion and reason are false.
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
DIRECTION: Mark the option which is most suitable:Assertion : When ca...
When calculating the total value of goods and services produced in a country, the value of final goods and services is calculated. If we add the value of goods and services at each stage of production, we will get an inflated GDP as the same value would be included multiple times.
View all questions of this test
Most Upvoted Answer
DIRECTION: Mark the option which is most suitable:Assertion : When ca...
Assertion: When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.
Reason: At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of goods and services in an economy.
The correct answer is option 'D' - Both assertion and reason are false.
Explanation:
The given assertion and reason are incorrect because they do not accurately represent the calculation of the total value of goods and services in an economy. Let's break down the statement and reasoning to understand why this is the case.
1. Calculating the total value of goods and services:
To calculate the total value of goods and services produced in a country, we use a measure called Gross Domestic Product (GDP). GDP is the market value of all final goods and services produced within a country during a specific period.
2. Value addition at each stage of production:
The value added at each stage of production refers to the additional value created by each step in the production process. This value is the difference between the cost of inputs (raw materials, labor, etc.) and the value of the final product. It is important to note that only the value added at each stage is considered, not the total value of all goods and services at each stage.
3. Incorrect assertion and reason:
The assertion states that the total value of all goods and services at each stage of production should be calculated, which is incorrect. The total value is only calculated for the final goods and services, not at each stage of production.
The reason provided is also incorrect as it claims that the value added at each stage is added to derive the total value of goods and services in an economy. However, this is not how GDP is calculated. GDP only includes the value added at the final stage of production, not at each intermediate stage.
Therefore, the correct answer is option 'D' - Both assertion and reason are false.
Reason: At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of goods and services in an economy.
The correct answer is option 'D' - Both assertion and reason are false.
Explanation:
The given assertion and reason are incorrect because they do not accurately represent the calculation of the total value of goods and services in an economy. Let's break down the statement and reasoning to understand why this is the case.
1. Calculating the total value of goods and services:
To calculate the total value of goods and services produced in a country, we use a measure called Gross Domestic Product (GDP). GDP is the market value of all final goods and services produced within a country during a specific period.
2. Value addition at each stage of production:
The value added at each stage of production refers to the additional value created by each step in the production process. This value is the difference between the cost of inputs (raw materials, labor, etc.) and the value of the final product. It is important to note that only the value added at each stage is considered, not the total value of all goods and services at each stage.
3. Incorrect assertion and reason:
The assertion states that the total value of all goods and services at each stage of production should be calculated, which is incorrect. The total value is only calculated for the final goods and services, not at each stage of production.
The reason provided is also incorrect as it claims that the value added at each stage is added to derive the total value of goods and services in an economy. However, this is not how GDP is calculated. GDP only includes the value added at the final stage of production, not at each intermediate stage.
Therefore, the correct answer is option 'D' - Both assertion and reason are false.
Attention Class 10 Students!
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.
|
Explore Courses for Class 10 exam
|
|
Top Courses for Class 10View all
DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer?
Question Description
DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer?.
DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer?.
Solutions for DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice DIRECTION: Mark the option which is most suitable:Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Class 10 tests.
|
|
Explore Courses for Class 10 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup