Question : Which of the following is not included in domestic income?
Option 1: Income earned by the residents of the country
Option 2: Income earned by non-residents outside the country
Option 3: Income earned by all the employees of the country
Option 4: Profit of all the industries of the country
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Income earned by non-residents outside the country
Solution : The correct option is Income earned by non-residents outside the country.
The income generated by non-residents in foreign countries is not accounted for nation's domestic income calculation. The Gross Domestic Product (GDP) represents the total value of goods and services produced within a country's borders during a specific period. Income earned by non-residents abroad is categorised as foreign income and is excluded from the domestic economy's GDP computation.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : In calculating National Income which of the following is included?
Question : A sold an article to B at 25% profit, and B further sold it to C by earning a certain profit. If the cost price for C is 30% more than the cost price for A, find the profit percentage earned by B.
Question : Gross National Product - Depreciation Allowance = ?
Question : Which of the following was not advocated by Mahatma Gandhi?
Question : An individual's actual standard of living can be assessed by
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile