Question:
Which of the following is NOT a component of Gross Domestic Product?
Which of the following is NOT a component of Gross Domestic Product?
Updated On: Oct 1, 2024
- Investment
- Rental Income
- Transfer Payments
- Wages and Salaries
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The correct option is (C): Transfer Payments
Was this answer helpful?
0
0
Top Questions on National Income Accounting
- If the domestic income of an economy is 2500 crores, the factor income from abroad is 300 crores, the consumption of fixed capital is 150 crores and Net National Product at factor cost is 2400 crores, then the Factor income paid to abroad will be:
- CUET (UG) - 2024
- Economics
- National Income Accounting
- Identify the correct statements:
(A) Depreciation is a flow concept
(B) Money supply is a stock concept
(C) Investment is a stock concept
(D) Depreciation is an annual allowance for wear and tear of a consumer good
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Economics
- National Income Accounting
- Identify the correct formula:
- CUET (UG) - 2024
- Economics
- National Income Accounting
- Nominal Interest Rate =__________
- CUET (UG) - 2024
- Economics
- National Income Accounting
- If the supply of final goods is assumed to be infinitely elastic at constant price over a short period of time, Aggregate output is determined solely by the value of Aggregate demand. This is called __________ Principle.
- CUET (UG) - 2024
- Economics
- National Income Accounting
View More Questions
Questions Asked in IIT JAM EN exam
- Consider a Keynesian Cross Model with following features,
Consumption Function: C = C0 + b(Y-T)
Tax Function: T = T0 + tY
Income Identity: Y = C + I0 + G0
Where, C = Consumption; Y = Real Income; T = Tax; I = Investment;
G = Government Expenditure; b = Parameter; t = Tax Rate
(The subscript 0 (zero) indicates that the concerned variable is autonomous)
If b = 0.7 and t = 0.2, value of the Keynesian multiplier is ________ (round off to 2 decimal places).- IIT JAM EN - 2024
- Business cycles and economic models
- Using the following table,
Year Population of the Economy GDP of the Economy (in crore) 2010 20,000 25,000 2020 25,000 40,000
the average growth rate (compounded annually) of per capita GDP in an economy during the period 2010-2020 is ________ (in percent, round off to 2 decimal places).- IIT JAM EN - 2024
- Growth models
- Let a random variable X has mean $\mu_x$ and non-zero variance $ \sigma ^2 _x$, and another X random variable Y has mean $\mu_y$ and non zero variance $\sigma ^2 _y$. If the correlation Y coefficient between X and Y is $\rho$, then which of the following is/are CORRECT?
- IIT JAM EN - 2024
- Probability
- There are 32 students in a class. Three courses namely English, Hindi and Mathematics are offered to them. Each student must register for at least one course. If 16 students take English, 8 students take Hindi, 18 students take Mathematics, 4 students take both English and Hindi, 5 students take both Hindi and Mathematics, and 5 students take both English and Mathematics, then the number of students who take Mathematics only is (in integer).
- IIT JAM EN - 2024
- Probability
- Let $X_1, X_2, β¦ , X_π$ be a random sample of size n > 1 drawn from a probability distribution having mean $\mu$ and non-zero variance $\sigma^2$. Then, which of the following is/are CORRECT?
- IIT JAM EN - 2024
- Probability
View More Questions