Giving Reason Explain How Should the Following Be Treated in Estimating Gross Domestic Product at Market Price? Expenditure on Purchasing a Car for Use by a Firm. - Economics

Giving reason explain how should the following be treated in estimating gross domestic product at market price?

Expenditure on purchasing a car for use by a firm.

Solution

Expenditure on purchasing a car for use by a firm is included in the estimation of the gross domestic product at market price because the purchased car is the final investment expenditure of the firm.

Concept: Gross and Net Domestic Product (GDP and NDP)

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2013-2014 (March) Delhi Set 1

Q 31 Q 30 Q 32.1

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2013-2014 (March) Delhi Set 1 (with solutions)

Q 31 | 6 marks

2013-2014 (March) Delhi Set 2 (with solutions)

Q 32 | 6 marks

2013-2014 (March) Delhi Set 3 (with solutions)

Q 30 | 6 marks

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Giving Reason Explain How Should the Following Be Treated in Estimating Gross Domestic Product at Market Price? Expenditure on Purchasing a Car for Use by a Firm. - Economics

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