Which one of the following statements is CORRECT in the context of Gross Domestic Product (GDP) calculation?
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IIT JAM 2026 Question 7: National income accounting
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on What counts in GDP, part of National income accounting in Macroeconomics.
The boundary of GDP: which transactions and goods are counted and which are not.
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