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UPSC Economics People as Resource Question Bank Structure of Economy and Human Resources in India

  • question_answer
    Which among the following equation is correct
    1. GDP = GNP + X - M
    2. GNP = GDP + X - M
    3. GNP = GDP + NFIA
    4. NNP = GNP - Depreciation.
    Select the correct answer using the codes given below.

    A) 1 and 2            

    B) 1, 2 and 3

    C) 2, 3 and 4         

    D) 1, 3 and 4

    Correct Answer: C

    Solution :

    X =Income from Abroad (income earned and received by nationals within the boundaries of foreign countries) M =Income received by foreign nationals within the country.


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