What will be the GDP by Income Method in crore ?
| Firm A | Firm B | |
| Wages | 20 | 60 |
| Profits | 30 | 90 |
Answer & explanation
Correct answer: option 2
The correct answer is option (2) : 200 crore
GDP by income method = sum total of factor incomes, which is equal to total wages received (workers of A and B) and total profits earned (by A and B)
GDP by income method = 80 + 120 = 200