Which of the following is not a part of GDP of the country
'Net Factor Income from Abroad' (NFIA) is NOT a part of Gross Domestic Product (GDP); adding NFIA to GDP converts Domestic Product into Gross National Product (\(\text{GNP}…
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Which of the following is not a part of GDP of the country
Answer and explanation
Correct answer B
'Net Factor Income from Abroad' (NFIA) is NOT a part of Gross Domestic Product (GDP); adding NFIA to GDP converts Domestic Product into Gross National Product (). Capital consumption allowance (depreciation) and value added by MNCs operating within India's domestic territory are included in GDP.
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RPSC Senior Teacher Grade II