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

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Question

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

Payment of interest by a bank to an individual

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Solution

Payment of interest by a bank to an individual is included in the estimation of national income because the bank has used the amount of saving of an individual for productive purposes.

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2014-2015 (March) All India Set 1
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