Which of the following is NOT included in the calculation of GDP using the expenditure approach?

CA Foundation · Business Economics · MTP · January 2025
Which of the following is NOT included in the calculation of GDP using the expenditure approach?
(A) A. Consumption expenditure
(B) B. Government purchases
(C) C. Business investment
(D) D. Transfer payments

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Transfer payments

Topics: Price Determination in Different Markets

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