Which of the following is NOT a component of Gross Domestic Product (GDP) calculated by the expenditure method?
A. Government final consumption expenditure
B. Net factor income from abroad
C. Gross fixed capital formation
D. Private final consumption expenditure
Answer: Option B
Solution (By JKSSB Mock Tests)
GDP by expenditure method includes private final consumption expenditure, government final consumption expenditure, gross fixed capital formation, and net exports. Net factor income from abroad is used to convert GDP into GNP, not a component of GDP itself.
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