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By CSS 2025 Economics Past Paper Mcqs CSS 2025 Past Papers Mcqs CSS Economics Past Paper Mcqs CSS Past Papers Mcqs Economics Mcqs No Comments

Which of the following is not a component of GDP?

A. Consumption by households
B. Investment by firms
C. Public Spendings
D. Rate of unemployment

Submitted by: Areesha Khan

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Gross Domestic Product (GDP) is calculated as: GDP=C+I+G+(X−M)

Where:

C = Consumption by households
I = Investment by firms
G = Government spending
X – M = Net exports
The rate of unemployment is not a component of GDP because it is a labor market indicator rather than an economic activity measure.

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The correct answer to the question: "Which of the following is not a component of GDP?" is "Rate of unemployment".

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