Economics · National Income Accounting
An Indian software engineer working in Bengaluru receives a salary of ₹25 lakh per annum. At the same time, an American consultant working in Delhi on a project receives $50,000. How are these two incomes treated in the calculation of India's Gross Domestic Product (GDP) and Gross National Product (GNP)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only the engineer's salary is counted in both GDP and GNP.
- 2The consultant's salary is excluded from both GDP and GNP because he is a foreign national.
- 3Both are included in India's GNP, but only the consultant's salary is included in India's GDP.
- 4Both are included in India's GDP, but only the engineer's salary is included in India's GNP.✓
Correct answer
Both are included in India's GDP, but only the engineer's salary is included in India's GNP.
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