Which of the following is NOT included in GDP?
Options
ASale of used cars
BConstruction of new house
CDoctor fees
DTeacher salary
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Determination of National IncomePYQ - Nov 2019 (Inter)Question 114 of 20
All Questions Correct Answer
✅ Option a — Sale of used cars
All Options:
- ASale of used cars
- BConstruction of new house
- CDoctor fees
- DTeacher salary
About This Chapter: National Income
Paper
Paper 4: Business Economics
Weightage
15%
Key Topics
Aggregates, Measurement, Keynesian Theory
A crucial chapter covering national income aggregates like GDP, GNP, NDP, NNP, and the methods of measuring national income (Income, Expenditure, and Output methods). It also introduces Keynesian Theory including the concepts of Aggregate Demand, Consumption Function, and the Multiplier.
View Official ICAI SyllabusExam Strategy Tip
Practice numerical questions on GDP/GNP calculations and the Multiplier. These are guaranteed marks in every exam. Also understand the circular flow of income clearly.
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