Question

Which of the following is not a method to calculate Gross Domestic Product?

a. Expenditure method
b. Diminishing cost method
c. Income method
d. None of the above

Answer 1

The method to calculate Gross Domestic Product (GDP) is not the Diminishing cost method. This is because it is a production method, and it does not make sense to use it for GDP calculations. Therefore, b is the right option.