Question

Q. Which of the following would be included while calculating the GDP of India?

Select the correct answer using the code given below:

• A. 1 and 2 only
• B. 1 and 3 only
• C. 2 and 4 only
• D. 3 and 4 only

Answer 1

The correct option is D 3 and 4 only

Explanation:

• GDP measures the aggregate production of final goods and services taking place within the domestic economy during a year.So the Salary of a Foreign citizen working in India, as well as profits earned by a foreign company working in India, will be added to the GDP Calculation would be excluded in the calculation of Gross National Product.
• Similarly, the Salary of Indian citizens working in the Middle-east will be reflected in the GDP of the host country and will be included in the GNP of India.