Daily Current Affairs Quiz: January 13, 2026

Answer: C [Only three]
Explanation:

Statement 1 is correct: GDP per capita represents a country’s total economic output adjusted for its population size, allowing us to understand the average economic production or income available per person in that country.

Statement 2 is correct: GDP per capita is computed by dividing the total Gross Domestic Product of a country by its total population, giving an average economic value per person for a given year.

Statement 3 is incorrect: A high GDP per capita usually indicates a higher standard of living because it reflects greater average income and economic resources per person, not a lower standard of living.

Statement 4 is correct : GDP per capita is widely used to compare economic productivity and living standards across countries, as it normalizes total economic output by population size, making cross-country comparisons more meaningful.

Answer: A [1 only]
Explanation:

Statement 1 is correct: Gross Domestic Product (GDP) measures the total market value of all final goods and services produced within the domestic territory of a country during a given period (usually one year). It avoids double counting by excluding intermediate goods.

Statement 2 is incorrect: Net National Product (NNP) is not obtained directly from GDP by subtracting depreciation. The correct formula is: NNP = GDP + Net Factor Income from Abroad (NFIA) − Depreciation

Answer: B [Only two]
Explanation:

Statement 1 is correct: Gross National Product (GNP) includes the income earned by a country’s residents from abroad and excludes income earned by foreigners within the country, which is captured through Net Factor Income from Abroad.

Statement 2 is correct: Net National Product (NNP) is obtained by subtracting depreciation (consumption of fixed capital) from GNP, showing the actual net income available to the nation after accounting for capital wear and tear.

Statement 3 is incorrect: Personal Income does not include undistributed corporate profits because such profits are retained by companies and not received by individuals, so they are excluded from the income actually earned by households.

Answer: D [The population growth rate of the country]
Explanation:

GDP growth measures the increase in the total value of goods and services produced in an economy. It directly includes output, net exports, and changes in inventories, but population growth affects per-capita figures, not GDP itself.

Answer: D [All four]
Explanation:

Statement 1 is correct: Fixed investment includes expenditure on capital goods such as machinery, tools, equipment, and the construction of factories and other productive buildings that are used repeatedly in the production process.

Statement 2 is correct: Inventory investment refers to the change in the stock of raw materials, work-in-progress, and finished goods held by firms over a period and is treated as a component of total investment.

Statement 3 is correct: Intangible investments involve spending on non-physical assets like intellectual property, brand value, software, research, and employee training, which improve a firm’s productive capacity and long-term economic output.

Statement 4 is correct: Depreciation represents the fall in value of capital assets such as machinery, equipment, and buildings due to physical wear and tear, aging, and technological obsolescence over time.