Given the following statements, state which ones are correct :
A. GDP is devoid of all types of double - counting.
B. Donations are included in National Income
C. Alms are included in Personal Income
D. Inventory is included in investment
E. Foreign workers' income is included in GNP but not in GDP
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National income accounting has come up 132 times in 6 exams since 2010.
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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Question from the UGC-NET 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.