Economic Awareness - Sectors of Indian Economy
Which of the following is NOT included in the calculation of National Income?
Which of the following is NOT included in the calculation of National Income?
medium Q14 of 15
Step-by-Step Solution
Step 1: Understand components of National Income
National Income includes income earned by residents, including net income from abroad, but excludes income earned by foreigners domestically.Step 2: Analyze options
Income earned by foreigners within the country is excluded from National Income, making Income earned by foreigners within the country the correct choice.Final Answer:
Income earned by foreigners within the country → Option BQuick Check:
Income earned by foreigners within the country ✅
Quick Trick: Exclude foreign residents’ income from National Income.
Common Mistakes:
- Including income earned by foreigners within the country.
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