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National Income · UPSC CDS/OTA · Question 47 of 66

National Income: In expenditure method, GDP equals C + I + G + (X − M). Here 'I' generally denotes

Step-by-step solution. National Income for UPSC CDS/OTA.

Topic
National Income
Subject
General Studies
Difficulty
Moderate
Solve Time
45-60 sec

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Q · National IncomeModerate · 45s

In expenditure method, GDP equals C + I + G + (X − M). Here 'I' generally denotes:

TopicNational Income
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

I is gross capital formation (fixed capital + change in stocks). A/C are other components; D reduces I rather than defines it.

Final Answer: Option B - Gross capital formation
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In expenditure method, GDP equals C + I + G + (X − M).… - National Income (General Studies) Solved Question