In the context of national income, which of the following is included in both GDP and GNP?
A. Depreciation only
B. Value of final goods and services produced within the domestic territory
C. Transfer payments
D. Net factor income from abroad
Answer: Option B
Solution (By JKSSB Mock Tests)
The value of final goods and services produced within the domestic territory is the common base for both GDP and GNP. GNP adjusts GDP by adding net factor income from abroad.
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