Economic Awareness - Sectors of Indian Economy
Which of the following is NOT a component of Gross Domestic Product (GDP)?
Which of the following is NOT a component of Gross Domestic Product (GDP)?
medium Q6 of 15
Step-by-Step Solution
Step 1: Understand GDP components
GDP includes private consumption, government expenditure, investment, and net exports within the country.Step 2: Analyze options
Income earned by residents from foreign investments is not part of GDP; it is included in GNP as net income from abroad.Final Answer:
Income earned by residents from foreign investments → Option DQuick Check:
Income earned by residents from foreign investments excluded from GDP ✅
Quick Trick: GDP = domestic production only, excludes foreign income.
Common Mistakes:
- Including foreign income in GDP or confusing net exports with net foreign income.
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