25 Views

Question : Which of the following is not a gross domestic product (GDP) component?

 

Option 1: Personal consumption expenditures

Option 2: Gross private domestic investment

Option 3: Net exports

Option 4: Government transfer payments


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Government transfer payments


Solution : The correct answer is (d) Government transfer payments

Government transfer payments are not considered a component of Gross Domestic Product (GDP). Transfer payments are payments made by the government to individuals or households for which no goods or services are exchanged. Examples of transfer payments include social security benefits, welfare payments, and unemployment benefits. These payments are considered transfers of income and do not represent current production or economic activity.

 

Related Questions

Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates and judiciaries
Amity University, Noida BBA A...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Amity University | M.Tech Adm...
Apply
Ranked amongst top 3% universities globally (QS Rankings).
IBSAT 2025-ICFAI Business Sch...
Apply
IBSAT 2025-Your gateway to MBA/PGPM @ IBS Hyderabad and 8 other IBS campuses | Scholarships worth 10 CR
Graphic Era (Deemed to be Uni...
Apply
NAAC A+ Grade | Among top 100 universities of India (NIRF 2024) | 40 crore+ scholarships distributed
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books