Q: 30 (CDS-I/2024)Which one of the following statementsis not correct for National IncomeAccounting for India?Imports are subtracted in calculating Gross Domestic Product.Net factor payments earned from abroad are included in Gross Domestic Product.Purchase and sale of second-hand goods are not included in Gross Domestic Product.Inventories are included in Gross Domestic Capital Formation.question_subject: Economicsquestion_exam: CDS-IExplanationNet factor payments from abroad are included in Gross National Income, not Gross Domestic Product. Please login to bookmark this question