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Miscellaneous·2024·Easy

Which one of the following statements is not correct for National Income Accounting for India?

Which one of the following statements is not correct for National Income Accounting for India?

Options

  1. a.

    Imports are subtracted in calculating Gross Domestic Product.

  2. b.

    Net factor payments earned from abroad are included in Gross Domestic Product.

    Correct answer
  3. c.

    Purchase and sale of second-hand goods are not included in Gross Domestic Product.

  4. d.

    Inventories are included in Gross Domestic Capital Formation.

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