What will be the GDP by Income Method in crore?    Firm A   Firm B  Wages 20 60  Profits  30 90

80 Crore 200 Crore 110 Crore 150 Crore

200 Crore

The correct answer is Option 3: 200 Crore To calculate GDP by the income method, we sum up the incomes earned by factors of production within the economy. GDP contributed by firm A= Wages +Profit = 20+30=50 GDP contributed by firm B= Wages +Profit = 60+90=150 Total GDP contributed by Firm A and B = 50+150= 200