Economics · National Income Accounting
Which one of the following statements is NOT correct regarding National Income Accounting for India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Inventories are included in Gross Domestic Capital Formation.
- 2The purchase and sale of second-hand goods are not included in the Gross Domestic Product.
- 3Net factor payments earned from abroad are included in the Gross Domestic Product.✓
- 4Imports are subtracted while calculating the Gross Domestic Product.
Correct answer
Net factor payments earned from abroad are included in the Gross Domestic Product.
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