Economics · National Income Accounting
With reference to the Gross National Product (GNP) and Gross Domestic Product (GDP) of India, consider the following income items: I. Money transfers received from Indians working overseas II. Salaries earned by Indian residents employed in government offices located in India III. Spending by foreign tourists during their stay in India IV. Salaries earned by foreign nationals working for Indian companies within India Which of the above are included while calculating India's GNP but not its GDP?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and IV only
- 2II and III only
- 3I and III only
- 4I only✓
Correct answer
I only
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