SSC CHSL 2023 PYQ — Question 28

The correct answer is option 3 i.e. Export plus import expenditure.

The incorrectly stated component of the expenditure method of measuring national income is "Export plus import expenditure."

The expenditure method calculates national income as:
GDP = C + I + G + (X - M), where:

• C = Final consumption expenditure by households
• I = Final investment expenditure by firms
• G = Final government expenditure
• (X - M) = Net exports (Exports minus Imports)

Since national income considers net exports (X - M) and not export plus import expenditure, the given option is incorrect.