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MPSC State Service 2020 · GS · Question 43 of 97

Which of the following statement/s is/are incorrect. a. GNP is the total money value of goods and services produced by the nationals during the given year. b. The part of income produced in the country but earned by foreigners is included in GNP. c. Per capita income shows the marginal income of the people in the country.

Economy

  1. Aa and b
  2. Ba and c
  3. Cb and cCorrect
  4. DAll the three above are correct

Answer: C. b and c

Explanation

GNP excludes foreigners' income earned in the country (b is wrong) and per capita income is an average, not marginal income (c is wrong): b and c are incorrect.

Source: MPSC Rajyaseva Prelims 2020 – GS Paper I (Set D), official paper

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