🎖️ Defence📈 Economics

Which one of the following statements is not correct for National Income Accounting for India?

aImports are subtracted in calculating Gross Domestic Product.

bNet factor payments earned from abroad are included in Gross Domestic Product.

cPurchase and sale of second-hand goods are not included in Gross Domestic Product.

dInventories are included in Gross Domestic Capital Formation.

🔒

Answer & explanation — PYQ Pass

Options are free to see. Unlock the correct answer and full explanation with Pass.

Unlock · ₹149

See every question on Economics, or browse the full Defence question bank.