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    Identify the correct combination of List A and List B: List A List B A. Nominal GDP
    Question

    Identify the correct combination of List A and List B:

    List A
    List B
    A.
    Nominal GDP
    I.
    Currency notes, coins and demand deposits held by the public in commercial banks
    B.
    Real GDP
    II.
    GDP evaluated at constant prices
    C.
    Fiat money
    III.
    Money with no intrinsic value
    D.
    Narrow money
    IV.
    GDP evaluated at current market prices
    Choose the correct answer from the options given below:

    A.

    A-IV, B-II, C-III, D-I

    B.

    A-I, B-III, C-II, D-IV

    C.

    A-III, B-II, C-IV, D-I

    D.

    A-IV, B-II, C-I, D-III

    Correct option is A

    The correct combination is: (A). A-IV, B-II, C-III, D-I
     match them correctly:

    List A

    List B

    A. Nominal GDP

    IV. GDP evaluated at current market prices

    B. Real GDP

    II. GDP evaluated at constant prices

    C. Fiat money

    III. Money with no intrinsic value

    D. Narrow money

    I. Currency notes, coins, and demand deposits held by the public in commercial banks

    Here’s the explanation for each pair:
    •  Nominal GDP: This is GDP evaluated at current market prices.
    •  Real GDP: This is GDP evaluated at constant prices.
    •  Fiat money: This is money with no intrinsic value.
    •  Narrow money: This refers to currency notes, coins, and demand deposits held by the public in commercial banks.

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