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Which of the following is not included in the calculation of Gross National Product?
Purchase and Sale of Old commodities
Intermediate Commodities
(a) and (b) both
None of the above
- Option 1: Purchase and Sale of Old Commodities
- Old commodities aren't included in GNP calculations as they don't contribute to current production. They're just a transfer of ownership for goods produced in the past.
- Option 2: Intermediate Commodities
- Intermediate goods, used in producing final goods and services, are excluded from GNP to avoid double counting. GNP only considers final products and services.
- Option 3: (a) and (b) both
- Both old commodities and intermediate goods aren't included in the GNP calculation.
- Option 4: None of the above
- This would mean all options are included in GNP, which is incorrect.
The correct choice is:
Option 3: (a) and (b) both
By: santosh ProfileResourcesReport error
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