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Giving Reason Explain How the Following Should Be Treated in the Estimation of National Income: Payment of Interest by an Individual to a Bank - Economics

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प्रश्न

Giving reason explain how the following should be treated in the estimation of national income:

Payment of interest by an individual to a bank

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उत्तर

Payment of interest by an individual to a bank is not included in the estimation of national income because an individual’s loan is used only for consumption purposes but not productive purposes.

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2014-2015 (March) All India Set 1
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