Multiple Choice Questions on Gross domestic product GDP is called lsquo gross rsquo because its consumption does not exclud........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Gross domestic product GDP is called lsquo gross rsquo because its consumption does not exclud...........

Economic Affairs Growth and Indicators
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     Gross domestic product (GDP) is called ‘gross’ because its consumption does not exclude

     Depreciation of capital

    Correct Answer

     Subsidies on consumption of goods

    Incorrect Answer

     Earning of foreign factors in host country

    Incorrect Answer

     Impact of price rise

    Incorrect Answer
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    Explanation:

     Gross means without tax or other contributions having been deducted

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