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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

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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 (GNP=GDP+NFIA\text{GNP} = \text{GDP} + \text{NFIA}). 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

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