Match the columns

Matrix:

Column I

Column II
(a)
Basic services
(i)
Double counting
(b)
GDP
(ii)
Service sector
(c)
Intermediate goods
(iii)
Public life
(d)
Tertiary sector
(iv)
Final value

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a-iv; b-iii; c-i; d-ii

a-iv; b-iv; c-i; d-ii

a-iii; c-i; d-ii, b-iv

a-iv; b-ii; c-iii; d-i

answer is C.

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Detailed Solution

1)      Essential services: Basic services are those services that are necessary for the efficient functioning of public life. Primary services include hospitals, educational institutions, municipal corporations, and police stations, among many others.
2)      GDP: GDP or Gross Domestic Product refers to the final value of all goods and services produced in an economy in a financial year.
3)      Intermediate goods: Intermediate goods are those goods that add value to the final good. The value of intermediate goods is not taken in the calculation of GDP to avoid double counting.
4)      Tertiary sector: The tertiary sector is concerned with providing services to the economy. It is also known as the service sector.

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