WBCS.LIVE practice question

GNP = GDP + X - M, where M means.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Income earned and received by nationals within the boundaries of foreign countries.
  2. Income received by foreign nationals from within the country.
  3. Volume of commodities and services produced during the accounting year.
  4. Indirect taxes and subsidies.

Correct answer and explanation

Correct answer: Income received by foreign nationals from within the country.